The price of the two-month American soybean contract traded at US$1248.12 during the daytime (Tuesday, January 9, 2024).

Investing.com notes that the price of the two-month American soybean contract today rose 0.19 percent to US$1248.12 per million rupiah. This price increase is relatively high compared to the average price movement over the past week.

Today's price movement is the highest this week at 0.19 percent. However, trading since the beginning of the year has shown a continuous decline, with year-to-date growth at 2.03 percent.

The current situation is similar to the previous two-month American soybean contract, which is in a downward trend.

Over the past week, the price movement of the two-month American soybean contract slowed by 4.38 percent, with an average daily transaction price of US$1263.23 per million rupiah. Compared to the price at the beginning of the year, the two-month American soybean contract price has slowed by 2.03 percent. Furthermore, from its highest price this year at US$1,274 per million rupiah, the two-month American soybean contract price has fallen by 2.03 percent.

Annually, the average trading price of the two-month American soybean contract over the past five years has been on an upward trend. Meanwhile, for monthly price monitoring, transactions in the last 12 months have tended to decrease. The highest average monthly price of the two-month American soybean contract was recorded in March 2022 at US$1679.74 per million rupiah.