The price of the two-month forward contract for US soybeans traded at US$1292.25 (Friday, December 29, 2023).

Investing.com notes that the price of the two-month American soybean contract today fell 1 percent to US$1292.25 per metric ton. This price drop is considerably higher than the average price movement over the last week.

The two-month American soybean contract saw its highest surge this week on Tuesday, December 26, 2023, at 1.04 percent. It has strengthened by 1.63 percent compared to its year-start position.

The current situation completes the downward trend of the two-month American soybean contract price over the past two days.

Over the past week, the price movement of the two-month American soybean contract slowed by 1.54 percent, with an average daily transaction price of US$1304.68 per metric ton. Compared to its position 30 days ago, the price movement of the two-month American soybean contract has slowed by 6.7 percent. The highest trading value for the two-month American soybean contract this year was transacted at US$1,385 per metric ton, which occurred on Wednesday, November 15, 2023.

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 for the two-month American soybean contract was recorded in March 2022 at US$1679.74 per metric ton.