The price of American soybean futures contracts for two months, traded during daytime hours, was USD 1216.12 per bushel (Wednesday, January 31, 2024).

The price of the two-month American soybean contract for transactions on Wednesday, January 31, 2024, decreased. Today's trading price for the two-month American soybean contract was recorded at USD 1216.12 per bushel. This figure is lower than the previous day's trading price of USD 1220.25 per bushel. The current situation is similar to the previous trend of the two-month American soybean contract, which is currently shrinking.

Over the past week, the price movement of the two-month American soybean contract slowed by 0.66 percent, with an average daily transaction price of USD 1220.37 per bushel. According to Katadata Insight Center (KIC) calculations, year-to-date (YTD), the price of the two-month American soybean contract has fallen by 4.54 percent. Indeed, from its highest price this year of USD 1,274 per bushel, the price of the two-month American soybean contract has fallen by 4.54 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 of the two-month American soybean contract was recorded in March 2022 at USD 1679.74 per bushel.