American Soybean Futures (Two-Month Contract) Continue to Fall Over the Past Three Days

The price of the two-month American soybean contract for Monday, December 4, 2023, decreased. Today's trading price for the two-month American soybean contract was recorded at USD 1.315 per bushel. This figure is lower than the previous day's trading price of USD 1.325 per bushel. This current condition is similar to the downward trend observed in the two-month American soybean contract price over the past three days.

Over the past week, the price movement of the two-month American soybean contract slowed by 3.06 percent, with an average daily transaction price of USD 1333.82 per bushel. Compared to the price at the beginning of the year, the two-month American soybean contract price has grown by 3.42 percent. However, from its highest price this year of USD 1.385 per bushel, the two-month American soybean contract price has fallen by 5.05 percent.

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