Soybean trading activity has seen notable fluctuations recently, with volatility levels shifting across various contracts. After a dip, soybean prices rebounded, with the H 1060 straddle showing a volatility rate of 19.4% as of January 22. Closing volatility rates for the H contract were recorded at 18.9%, while the G contract was at 19.2%. Trading strategies have included selling put spreads, with notable transactions including the sale of 1,000 N 880-980 put spreads at a price of 10.0 and 500 K 900-1000 put spreads at 11.1. Additionally, systematic traders have been observed buying overnight pullbacks in soybeans, particularly between 6:30-7:30 CT. The market is currently eyeing the $10.80 price level as a potential upside target, following recent retracements.