US Soybean Futures Contract (Two-Month Daytime) Traded at USD 1.187 per Bushel (Tuesday, April 2, 2024)

Investing.com notes that the price of the two-month American soybean contract today rose 0.11 percent to USD 1.187 per bushel. This price increase is relatively high compared to the average price movement over the past week.

Today's price movement is the highest this week at 0.11 percent. Meanwhile, trading since the beginning of the year has continued to decline, with year-to-date growth at 6.83 percent.

The current situation is similar to the previous two-month American soybean contract price movement, which is in an upward trend.

Over the past week, the price movement of the two-month American soybean contract slowed by 0.46 percent, with an average daily transaction price of USD 1193.86 per bushel. Compared to its position 30 days ago, the price of the two-month American soybean contract has grown by 1.26 percent. Even from its highest price this year at USD 1,274 per bushel, the price of the two-month American soybean contract has fallen by 6.83 percent.

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