January soybeans lost 9.25 cents on total volume of 211,736 contracts. Total open interest increased by 5,543 contracts, which relative to volume is approximately average. As this report is being compiled on November 29, a holiday shortened trading day, January soybeans are trading 17.50 cents higher and have made a high of 13.39 1/2, which is 1.50 cents below the high of November 27. On November 25, January soybeans generated a short-term buy signal and had already been on an intermediate term buy signal. Since generating the buy signal, the market has not had much of the pullback, and the low made on November 27 of 13.18 1/4 may represent a short-term low. However, the real test will be on December 2 when normal trading resumes.