July soybeans opened 4 3/4 cents lower on the session at 1374 3/4 and established an early range of 1366 1/2 to 1387 3/4. Soybeans rallied from a lower open to trade higher in early mid session. The early bounce was led by new crop soybeans and meal. Traders indicate that the strength in new crop contracts continues to be the result of an accelerated planting pace in corn which is expected to result in fewer acres shifted from corn into soybeans this spring. Meal gained on oil in early action which traders said was largely the result of a bearish oil stocks number on this morning's NOPA report. The National Oilseed Processors Association (NOPA) released its estimates for the month of April this morning and it pegged crush at 139.966 million bushels for the month which was below trade expectations. This compares to 148.165 on last month's report and 138.720 last year. Oil stocks at the end of April were pegged at 2.409 billion pounds which was higher than expected. Weather expected to be mostly dry in the western corn and soybean belt over the next week which is expected to allow corn to reach a near normal pace in plantings by the middle of next week. Today is the last trading day for May futures contracts for soybeans, meal and oil. Contracts expire at noon.