Price, volume and open interest analysis for April 29, 2015
For Bloomberg access:{OIAR<GO>}
Soybeans:
July soybeans advanced 10.75 cents on unimpressive volume of 235,313 contracts. Volume shrank dramatically from April 28 when July soybeans gained 4.25 cents on volume of 340,242 contracts and total open interest declined by 14,602. On April 29, open interest declined again, this time by a massive 16,251 contracts, which relative to volume is approximately 170% above average meaning liquidation was extremely heavy on the advance. The May contract lost 19,313 of open interest, which means there was very little in the way of new open interest increases in the forward months.
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