September soybeans advanced 19 cents while the November contract gained 2.25 on total volume of 199,173 contracts. Total open interest increased by 10,181 contracts, which relative to volume is approximately 100% above average, meaning that new longs were aggressively entering the market and pushing prices slightly higher. The September contract lost 3,064 of open interest. It is positive to see a large open interest increase, but, the advance was modest. As this report is being compiled on August 29, September soybeans are trading 20.50 cents higher and the November contract, +8.25. The September contract has made a new high at 14.53 3/4 while the November contract is approximately 28 cents from the high it made on August 27. The market clearly wants to go higher, and we expect to see strength in the September contract after 1st notice day. September soybeans generated a short-term buy signal on August 19 and an intermediate term buy signal on August 22. The November contract generated a short and intermediate term buy signal on August 19.