Over the past three days, the price of American soybeans for two-month contracts has continued to rise.
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The price of the two-month American soybean contract increased on Tuesday, September 3, 2024. Trading of the two-month American soybean contract today was recorded at USD 1004.5 per bushel. This figure is higher than the previous day's trade, which was USD 1,000 per bushel. This current condition is similar to the movement of the two-month American soybean contract over the past three days, which has been in a downward trend.
Over the past week, the price of the two-month American soybean contract grew by 4.47 percent, with an average daily transaction price of USD 987.75 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 21.15 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 21.15 percent.
Annually, the average trading price of the two-month American soybean contract over the past 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 contract was recorded in November 2023 at USD 1,348.41 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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