The price of American soybean futures contracts for two months, traded during daytime hours, was USD 1299.62 per bushel (Friday, December 22, 2023).

Investing.com notes that the price of the two-month American soybean contract today rose 0.26 percent to USD 1299.62 per bushel. This price increase is relatively high compared to the average price movement over the last week.

This week, the two-month American soybean contract saw its highest jump on Monday, December 18, 2023, at 0.86 percent. It has strengthened by 2.21 percent compared to its year-to-date position.

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

Over the past week, the price movement of the two-month American soybean contract slowed by 0.6 percent, with an average daily transaction price of USD 1310.48 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 2.21 percent. 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 past five years has been on an upward trend. Meanwhile, for monthly price monitoring, transactions in the last 12 months have tended to shrink. The highest average monthly price of the two-month American soybean contract was recorded in March 2022 at USD 1679.74 per bushel.