American Soybean Prices for Two-Month Contracts Fall to USD 1017.5 per Bushel (Monday, August 5, 2024)

Investing.com reports that the price of the two-month American soybean contract fell 1.36% today to USD 1017.5 per bushel. This price drop is considerably higher than the average price movement over the last week.

Yesterday, the two-month American soybean contract experienced its highest surge on Monday, August 5, 2024, falling 1.36%. Meanwhile, trading since the beginning of the year has continued to decline, with year-to-date (YTD) growth down 20.13%.

The current situation is similar to the movement of the two-month American soybean contract price in the last day, which is in a downward trend.

Over the past week, the price of the two-month American soybean contract grew by -1.21%, with an average daily transaction price of USD 1,017.05 per bushel. According to Katadata Insight Center (KIC) calculations, year-to-date (YTD), the price of the two-month American soybean contract has shrunk by -20.13%. Indeed, from its highest price this year at USD 1,274 per bushel, the price of the two-month American soybean contract has fallen by 20.13%.

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 decrease. The highest average monthly price of the two-month American soybean contract was recorded in September 2022 at USD 1,424.53 per bushel.