American Soybean Futures Prices for Two-Month Contracts Rise to USD 1,001.88 per Bushel (Friday, August 30, 2024)
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The price of the two-month American soybean contract increased on Friday, August 30, 2024. Today's trading price for the two-month American soybean contract was recorded at USD 1,001.88 per bushel. This is higher than the previous day's trading price of USD 992.5 per bushel. This current condition reverses the downward trend of the two-month American soybean contract price over the past two days.
Over the past week, the price of the two-month American soybean contract grew by 2.08 percent, with an average daily transaction price of USD 981.88 per bushel. As a result, throughout 2024, the price of the two-month American soybean contract has fallen by 21.36 percent from its year-start position of USD 1,274 per bushel. The highest trading value for the two-month American soybean contract this year was USD 1,274 per bushel, which occurred on Tuesday, January 2, 2024.
Annually, the average trading price of the two-month American soybean contract has shown an upward trend over the past five years. Meanwhile, monthly price monitoring shows that 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 September 2022 at USD 1,424.53 per bushel.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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