July soybeans gained 27.75 cents on light volume of 210,651 contracts. Total open interest declined by 2,671 contracts, which relative to volume is approximately 45% less than average. The May contract accounted for loss of 18,908 of open interest. The size of the advance and the tepid volume along with declining total open interest is a sign of a technically weak market. On April 30, July soybeans made a high of $14.23 3/4. Soybeans remain on a short and intermediate term sell signal.