The USDA will release its crop production and supply demand report on Monday, August 12.
September soybeans advanced 28.75 cents on volume of 145,743 contracts. Total open interest increased by 5,932 contracts, which relative to volume is approximately 55% above average. The August and September contracts lost a total of 799 of open interest. Soybeans remain on a short and intermediate term sell signal. Do not enter new positions prior to Monday's report.