July soybeans lost 5.00 cents and the November contract gained 4.25 on total volume of 162,063 contracts. Total open interest declined by 9,134, which relative to volume is approximately 130% above average meaning that liquidation was heavy. The July contract accounted for loss of 10,978 of open interest. As this report is being compiled on June 23, August soybeans are trading 2.25 cents lower and the November contract is trading down 2.50. The November contract made a high overnight at $12.43 1/2, which is its highest print since May 30 when November reached 12.48 3/4, and closed at 12.33 3/4. August and November soybeans are short-term sell signals, but both remain on intermediate term buy signals. Stand aside.