March soybeans lost 5.75 cents on volume of 140,964 contracts. Open interest declined by 4,513 contracts, which in relation to volume is approximately 20% above average. Soybeans made a new low for the move at $13.72 1/2, and as this report is being compiled on January 4, soybeans made another new low at 13.56, which matches the low made on on November 16, which has been the low ever since soybeans topped out in September. The impact of the upcoming Brazilian harvest is weighing heavily on the market. Export sales for the recent week were disappointing at 434,900 tons for the 2012-2013 season and 61,400 tons for the 2013-2014 season. 201,800 tons of previous sales were canceled. Stand aside.