American Soybean Prices for Two-Month Contracts Rise to USD 1318.5 per Bushel (Wednesday, December 20, 2023)

Investing.com notes that the price of the two-month American soybean contract today rose 0.46 percent to USD 1318.5 per bushel. This price increase is relatively high compared to the average price movement over the last week.

The two-month American soybean contract experienced its highest surge this week on Monday, December 18, 2023, at 0.86 percent. It has strengthened by 3.7 percent compared to its year-to-date position.

The current situation is similar to the previous movement of the two-month American soybean contract, which was in a declining trend.

Over the past week, the price movement of the two-month American soybean contract slowed by 1.31 percent, with an average daily transaction price of USD 1,317 per bushel. Compared to the price at the beginning of the year, the two-month American soybean contract has grown by 3.7 percent. Even from its highest price this year at USD 1,385 per bushel, the two-month American soybean contract has fallen by 4.8 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 March 2022 at USD 1679.74 per bushel.