March soybeans advanced 5.75 cents on volume of 240,429 contracts. Volume increased from the 190,595 contracts traded on January 29 when March soybeans lost 16.25 and total open interest increased by a massive 14,064 contracts. On January 30, total open interest increased 3,335 contracts, which relative to volume is approximately 40% less than average. The March contract lost 952 of open interest. Maintain bearish positions and use the January 23 high of $12.96 3/4 as an exit point. March soybeans remain on a short and intermediate term sell signal.