The price of American soybean futures contracts for two months, traded during daytime hours, was USD 1305.5 per bushel (Wednesday, December 6, 2023).

Investing.com reports that the price of the two-month American soybean contract today fell 0.25 percent to USD 1305.5 per bushel. This price drop is relatively significant compared to the average price movement over the last week.

Throughout this week, the price of the two-month American soybean contract saw its highest surge on Tuesday, December 5, 2023, at 0.19 percent. It has strengthened by 2.67 percent compared to its year-start position.

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

Over the past week, the price movement of the two-month American soybean contract slowed by 1.82 percent, with an average daily transaction price of USD 1325.96 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 2.67 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 decline. The highest average monthly price for the two-month American soybean contract was recorded in March 2022 at USD 1679.74 per bushel.