US Soybean Futures Fall for Six Consecutive Days

The price of the two-month American soybean contract for transactions on Friday, January 5, 2024, decreased. Today's trading price for the two-month American soybean contract was recorded at US$1,249.75 million IDR. This figure is lower than the previous day's trading price of US$1,262 million IDR. This situation completes the downward trend of the two-month American soybean contract price over the past six days.

Over the past week, the price of the two-month American soybean contract has fallen by 4.84%, with an average daily transaction price of US$1,281.54 million IDR. Compared to its position 30 days ago, the price of the two-month American soybean contract has decreased by 9.26%. The highest trading value for the two-month American soybean contract this year was US$1,274 million IDR, which occurred on Tuesday, January 2, 2024.

Year-on-year, the average trading price of the two-month American soybean contract over the past five years has shown an upward trend. Meanwhile, monthly price monitoring shows that transactions over the past 12 months have tended to decrease. The highest average monthly price for the two-month American soybean contract was recorded in March 2022 at US$1,679.74 million IDR.