The price of American soybean futures contracts for two months daytime trading was USD 1312.88 per bushel (Friday, December 8, 2023).

Investing.com notes that the price of the two-month American soybean contract today rose 0.18 percent to USD 1312.88 per bushel. This price increase is relatively high compared to the average price movement over the last week.

Throughout this week, the price of the two-month American soybean contract saw its highest jump on Thursday, December 7, 2023, at 1.16 percent. It has strengthened by 3.25 percent compared to its year-start position.

The current situation complements the price movement of the two-month American soybean contract over the last two days, which has been in a declining trend.

Over the past week, the price movement of the two-month American soybean contract slowed by 2.53 percent, with an average daily transaction price of USD 1314.05 per bushel. As a result, throughout 2023, the price of the two-month American soybean contract has increased by 3.25 percent from its year-start position of USD 1271.5 per bushel. 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 last five years has been on an upward trend. Meanwhile, for monthly price monitoring, transactions in the last 12 months have tended to decline. The highest average monthly price for the two-month American soybean contract was recorded in March 2022 at USD 1679.74 per bushel.