March soybeans gained 4 cents on light holiday volume of 120,828 contracts. Open interest declined by 8,799 contracts, which in relation to volume is approximately 190% above average, meaning that liquidation was heavy. Most of the liquidation is attributable to the January contract. The first notice day is December 31, which means that most all speculators are required to liquidate January contracts. As this report is being compiled on December 31, March soybeans have made a new low for the move at $14.00 3/4, which is 44 cents above the November 16 low. Stand aside.