US Soybean Prices for Two-Month Contracts Fall for Three Consecutive Days

The price of the two-month American soybean contract fell on Thursday, March 28, 2024. Trading of the two-month American soybean contract today was recorded at USD 1189.12 per bushel. This figure is lower than the previous day's trade, which was at USD 1192.5 per bushel. This current condition is similar to the movement of the two-month American soybean contract price over the past three days, which has been on an upward trend.

Over the past week, the price movement of the two-month American soybean contract grew by 0.31 percent, with an average daily transaction price of USD 1200.55 per bushel. As a result, throughout 2024, the price of the two-month American soybean contract has fallen by 6.66 percent from its year-beginning position of USD 1,274 per bushel. The highest trading value for the two-month American soybean contract this year was USD 1,274 per bushel, which occurred on Tuesday, January 2, 2024.

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 April 2022 at USD 1675.56 per bushel.