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March soybeans gained 6.75 cents on volume of 159,113 contracts. Open interest increased by 5,393 contracts, which in relation to volume is approximately 25% above average. Soybeans made a high of $14.52 1/2 which is the highest price since January 23 when beans reached 14.58. From January 18 through January 28 (6 sessions), open interest has increased by 27,361 contracts, while March soybeans have advanced 17.50 cents. While the open interest increase is positive in relation to price, the fact that is taken a large open interest number to move soybeans higher indicates it is likely commercial selling is taking place on the rally. The market has been trading in a sideways to higher pattern, but soybeans remain on a short and intermediate term sell signal. Stand aside.