American Soybean Prices for Two-Month Contracts Fall to USD 13.365 per Bushel (Friday, December 1, 2023)

Investing.com notes that the price of the two-month American soybean contract today fell 0.48 percent to USD 1336.5 per bushel. This price drop is relatively significant compared to the average price movement over the last week.

The two-month American soybean contract reached its highest point this week on Tuesday, November 28, 2023, rising by 1.26 percent. It has strengthened by 5.11 percent compared to its year-to-date opening price.

The current situation completes the upward trend in the two-month American soybean contract price over the past two days.

Over the past week, the price movement of the two-month American soybean contract slowed by 2.96 percent, with an average daily transaction price of USD 1341.43 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 5.11 percent. Even from its highest price this year at USD 1,385 per bushel, the two-month American soybean contract price has fallen by 3.5 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 decline. The highest average monthly price for the two-month American soybean contract was recorded in March 2022 at USD 1679.74 per bushel.