September soybeans lost 23 cents on volume of 157,771 contracts. Surprisingly, volume was only approximately 3000 contracts above trading on July 29 when soybeans lost 3.25 cents and open interest declined 4,767 contracts. On July 30, open interest declined only 487 contracts, which is minuscule and dramatically below average. August soybeans lost 4,436 of open interest. September beans made a new low for the move at $12.47 1/4. As this report is being compiled on July 31, September soybeans have made another new low at $12.37 1/4. Soybeans remain on a short and intermediate term sell signal.