American Soybean Futures Prices for Two-Month Contracts Rise to USD 1210.12 per Bushel (Monday, January 29, 2024)

The price of the two-month American soybean contract increased on Monday, January 29, 2024. Today's trading price for the two-month American soybean contract was recorded at USD 1210.12 per bushel. This is higher than the previous day's trading price of USD 1209.25 per bushel. This current condition is similar to the previous trend of the two-month American soybean contract, which has been declining.

Over the past week, the price movement of the two-month American soybean contract slowed by 0.28 percent, with an average daily transaction price of USD 1222.8 per bushel. According to Katadata Insight Center (KIC) calculations, year-to-date (YTD), the price of the two-month American soybean contract has decreased by -5.01 percent. From its highest price this year of USD 1,274 per bushel, the price of the two-month American soybean contract has fallen by 5.01 percent.

Annually, the average trading price of the two-month American soybean contract over the past five years has shown an upward trend. Meanwhile, monthly price monitoring shows that 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.