American Soybean Prices for Two-Month Contracts Rise to USD 1299.62 per Bushel (Friday, December 22, 2023)

Investing.com notes that the price of the two-month American soybean contract today rose 0.26 percent to USD 1299.62 per bushel. This price increase is relatively high compared to the average price movement over the last week.

The two-month American soybean contract saw its highest jump this week on Monday, December 18, 2023, at 0.86 percent. It has strengthened by 2.21 percent compared to its year-start position.

The current situation is similar to the previous movement of the two-month American soybean contract, which was in a declining trend.

Over the past week, the price movement of the two-month American soybean contract slowed by 0.6 percent, with an average daily transaction price of USD 1310.48 per bushel. As a result, throughout 2023, the price of the two-month American soybean contract has increased by 2.21 percent from its year-start position of USD 1271.5 per bushel. 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.