The price of the two-month-ahead American soybean contract traded at US$1292.25 on Friday, December 29, 2023.

Investing.com notes that the price of the two-month American soybean contract today fell by 1 percent to US$1292.25 per metric ton. This price drop is considered relatively significant compared to the average price movement over the past week.

The two-month American soybean contract experienced its highest surge this week on Tuesday, December 26, 2023, reaching 1.04 percent. It shows a 1.63 percent increase compared to its year-to-date position.

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

Over the past week, the price of the two-month American soybean contract has slowed by 1.54 percent, with an average daily transaction price of US$1304.68 per metric ton. Compared to the price at the beginning of the year, the two-month American soybean contract has grown by 1.63 percent. The highest trading value for the two-month American soybean contract this year was recorded at US$1,385 per metric ton 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 US$1679.74 per metric ton.