US Soybean Futures Prices Rise for Four Consecutive Days

The price of the two-month American soybean contract increased on Thursday, December 28, 2023. Trading of the two-month American soybean contract today was recorded at US$ 1,320.5 million. This figure is higher than the previous day's trade, which was at US$ 1,316.5 million. This current condition completes the movement of the two-month American soybean contract price over the past four days, which has been in a shrinking trend.

Over the past week, the price movement of the two-month American soybean contract slowed by 0.49 percent, with an average daily transaction price of US$ 1,309.71 million. Compared to the price at the beginning of the year, the price of this two-month American soybean contract has grown by 3.85 percent. The highest trading value for the two-month American soybean contract commodity this year was transacted at US$ 1,385 million, which occurred on Wednesday, November 15, 2023.

Annually, the average trade 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 shrink. The highest average monthly price of the two-month American soybean contract commodity was recorded in March 2022 at US$ 1,679.74 million.