American Soybean Futures Prices for Two-Month Contracts Rise to USD 1,015.12 per Bushel (Thursday, August 1, 2024)

August 2, 2024, recorded a 0.61% increase in the price of two-month American soybean contracts, reaching USD 1,015.12 per bushel. This increase is significantly higher than the average price movement over the past week.

Yesterday, August 1, 2024, saw the highest single-day jump in the price of two-month American soybean contracts, at 0.61%. However, trading since the beginning of the year has shown a continuous decline, with year-to-date (YTD) growth down 20.32%.

The current situation mirrors the recent trend of shrinking prices for two-month American soybean contracts.

Over the past week, the price of two-month American soybean contracts has fallen by 5.53%, with an average daily transaction price of USD 1,023.37 per bushel. As a result, in 2024, the price of two-month American soybean contracts has decreased by 20.32% from its year-start level of USD 1,274 per bushel. From its highest price this year of USD 1,274 per bushel, the price has fallen by 20.32%.

Annually, the average trading price of two-month American soybean contracts over the past five years has shown an upward trend. However, monthly price monitoring over the past 12 months indicates a shrinking trend. The highest average monthly price for two-month American soybean contracts was recorded in September 2022 at USD 1,424.53 per bushel.