Last Five Days, American Soybean Prices for Two-Month Contracts Continue to Rise

Investing.com notes that the price of the two-month American soybean contract today rose 0.08 percent to USD 1246.75 per bushel. This price increase is relatively high compared to the average price movement over the last week.

This week, the price of the two-month American soybean contract saw its highest surge on Monday, May 6, 2024, at 2.53 percent. However, trading since the beginning of the year has shown a continuous decline, with year-to-date (YTD) growth of 2.14 percent.

The current situation is similar to the price movement of the two-month American soybean contract over the past five days, which is currently on an upward trend.

Over the past week, the price of the two-month American soybean contract grew by 5.9 percent, with an average daily transaction price of USD 1203.11 per bushel. According to Katadata Insight Center (KIC) calculations, year-to-date (YTD), the price of the two-month American soybean contract has decreased by -2.14 percent. The highest trading value for the two-month American soybean contract this year was USD 1,274 per bushel, which occurred on Tuesday, January 2, 2024.

Annually, the average trading price of the two-month American soybean contract over the past five years has been on an upward trend. Meanwhile, for monthly price monitoring, transactions in the last 12 months have tended to decline. The highest average monthly price for the two-month American soybean contract was recorded in June 2022 at USD 1672.15 per bushel.