November soybeans gained 6.50 cents on volume of 201,779 contracts. Open interest declined by a massive 17,745 contracts, which in relation to volume is 250% above average, which means liquidation was extremely heavy. The November contract lost 22,773 of open interest, which accounted for the overall decline. As of the final report for October 30, there are 28,679 contracts remaining in the November contract. At this juncture, selling pressure represented by the November contract is out of the way for the most part. This should set the stage for the move higher. Maintain long positions, but have sell stops in place.