American Soybean Prices for Two-Month Contracts Rise to USD 1186.62 per Bushel (Monday, February 12, 2024)

The price of the two-month American soybean contract increased on Monday, February 12, 2024. Today's trading price for the two-month American soybean contract was recorded at USD 1186.62 per bushel. This is higher than the previous day's trading price of USD 1183.5 per bushel. This current condition is similar to the previous trend of the two-month American soybean contract, which has been shrinking.

Over the past week, the price movement of the two-month American soybean contract slowed by 1.38 percent, with an average daily transaction price of USD 1190.98 per bushel. According to Katadata Insight Center (KIC) calculations, year-to-date (YTD), the price of the two-month American soybean contract has fallen by 6.86 percent. 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 shown an upward trend. Meanwhile, for monthly price monitoring, transactions in the last 12 months have tended to shrink. The highest average monthly price for the two-month American soybean contract was recorded in March 2022 at USD 1679.74 per bushel.