American Soybean Futures Prices Rise to USD 1,008.62 per Bushel on Two-Month Contract (Thursday, August 8, 2024)

The price of the two-month American soybean contract increased on Thursday, August 8, 2024. Trading of the two-month American soybean contract today was recorded at USD 1,008.62 per bushel. This figure is higher than the previous day's trading, which was at USD 1,005.25 per bushel. This current condition is similar to the movement of the two-month American soybean contract in the last day, which is currently in a downward trend.

Over the last week, the price movement of the two-month American soybean contract grew by -0.04 percent, with an average daily transaction price of USD 1,018.11 per bushel. Compared to the price at the beginning of the year, the price of this two-month American soybean contract has grown by -20.83 percent. In fact, from its highest price this year at USD 1,274 per bushel, the price of the two-month American soybean contract has fallen by 20.83 percent.

Annually, the average trading price of the two-month American soybean contract over the last five years has been in an upward trend. Meanwhile, for monthly price monitoring, transactions in the last 12 months have tended to decrease. The highest average monthly price of the two-month American soybean commodity was recorded in September 2022 at USD 1,424.53 per bushel.