American Soybean Prices for Two-Month Contracts Fall to USD 1.325 per Bushel (Friday, December 1, 2023)

The price of the two-month American soybean contract for transactions on Friday, December 1, 2023, decreased. Today's trading price for the two-month American soybean contract was recorded at USD 1.325 per bushel. This figure is lower than the previous day's trading price of USD 1342.75 per bushel. This current condition completes the upward 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 3.79 percent, with an average daily transaction price of USD 1339.75 per bushel. According to Katadata Insight Center (KIC) calculations, year-to-date (YTD), the price of the two-month American soybean contract has increased by 4.21 percent. The highest trading value for the two-month American soybean contract this year was USD 1,385 per bushel, 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 shown an upward trend. Meanwhile, monthly price monitoring shows that 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 USD 1679.74 per bushel.