American Soybean Prices for Two-Month Contracts Have Increased for the Past Three Days

The price of the two-month American soybean contract for transactions on Wednesday, December 27, 2023, increased. Today's trading price for the two-month American soybean contract was recorded at US$ 1,317.25 million IDR. This figure is higher than the previous day's trading price of US$ 1,311.25 million IDR. The current situation is similar to the movement of the two-month American soybean contract price over the past three days, which has been in a downward trend.

Over the past week, the price of the two-month American soybean contract grew by 0.11 percent, with an average daily transaction price of US$ 1,310.46 million IDR. Compared to the price at the beginning of the year, the price of this two-month American soybean contract has grown by 3.6 percent. The highest trading value for the two-month American soybean contract this year was recorded at US$ 1,385 million IDR, 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 decrease. The highest average monthly price for the two-month American soybean contract was recorded in March 2022 at US$ 1,679.74 million IDR.