American Soybean Prices for Two-Month Contracts Fall to USD 1375.5 per Bushel (Wednesday, November 22, 2023)

The price of the two-month American soybean contract for transactions on Wednesday, November 22, 2023, decreased. Today's trading price for the two-month American soybean contract was recorded at USD 1375.5 per bushel. This figure is lower than the previous day's trading price of USD 1375.75 per bushel. This current situation is similar to the previous trend of the two-month American soybean contract, which was on an upward trend.

Over the past week, the price of the two-month American soybean contract grew by 0.55 percent, with an average daily transaction price of USD 1367.54 per bushel. As a result, throughout 2023, the price of the two-month American soybean contract has increased by 8.18 percent from its year-start position of USD 1271.5 per bushel. Even from its highest price this year of USD 1385 per bushel, the price of the two-month American soybean contract has fallen by 0.69 percent.

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 decrease. The highest average monthly price of the two-month American soybean contract was recorded in March 2022 at USD 1679.74 per bushel.