US Soybean Futures Prices Fall for Six Consecutive Days

The price of the two-month American soybean contract fell on Thursday, December 7, 2023. Trading of the two-month American soybean contract today was recorded at USD 1295.75 per bushel. This figure is lower than the previous day's trade, which was at USD 1296.5 per bushel. This current condition completes the downward trend of the two-month American soybean contract over the past six days.

Over the past week, the price movement of the two-month American soybean contract slowed by 3.77 percent, with an average daily transaction price of USD 1316.96 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 1.91 percent. However, from its highest price this year at USD 1,385 per bushel, the price of the two-month American soybean contract has fallen by 6.44 percent.

Annually, the average trading price of the two-month American soybean contract over the past five years has shown an upward trend. Meanwhile, for monthly price monitoring, transactions in the last 12 months have tended to decline. The highest average monthly price of the two-month American soybean contract was recorded in March 2022 at USD 1679.74 per bushel.