May soybeans opened 22 1/4 cents lower on the session at 1305 and established an early range of 1258 1/2 to 1305. Oil dropped sharply after the open this morning following a huge upward revision of the oil stocks number on yesterday's Census Crush Report. Stocks had been estimated at 2.681 billion pounds yesterday which was below trade expectations by about 300 million pounds. This morning that figure was bumped up to 3.101 billion pounds, a jump of 420 million pounds. The new figure compares to 3.234 the previous month and 3.281 a year ago. January stocks were also revised higher. This is a very unusual occurrence and there has been no explanation as of yet. Oil stocks are projected to fall by 14.1% by the end of the marketing year. The farm strike in Argentina shows signs of ending soon and that is also having a negative effect on prices according to traders. Locals in Argentina report that traffic is already flowing at a few formerly blocked sites in the interior and that leaders of the nation's four major farm organizations are reportedly considering the government's offer to begin a dialogue on recent increases in export taxes if the strike is ended. The strike is currently in its 16th day. The possible end of the strike has put a weaker tone into the Gulf export market this morning according to cash market traders although basis levels are still said to be steady. Canada's weekly canola crush was 80,847 tonnes versus 76,114 last week. Keep in mind that limits have been expanded today to 70 cents in soybeans and 2.50 cents in soybean oil. Positioning ahead of key reports (planted acreage and March 1st grain stocks) for Monday has kept the market volatile this week.