The price of American soybean futures contracts for two months, traded this afternoon, was USD 1,105.88 per bushel (Wednesday, July 24, 2024).

On July 24, 2024, the price of two-month American soybean futures contracts fell 1.04 percent to USD 1,105.88 per bushel. This decline is considered relatively significant compared to the average price movement over the past week.

The price of two-month American soybean futures contracts experienced its highest surge this week on Monday, July 22, 2024, reaching 1.87 percent. However, trading since the beginning of the year has shown a continuous decline, with year-to-date growth down 13.2 percent.

The current situation reflects the shrinking trend in the price of two-month American soybean futures contracts over the past two days.

Over the past week, the price of two-month American soybean futures contracts grew by 2.59 percent, with an average daily transaction price of USD 1,103.52 per bushel. Compared to its position 30 days ago, the price of two-month American soybean futures contracts has grown by -6.93 percent. The highest trading value for two-month American soybean futures contracts this year was recorded at USD 1,274 per bushel on Tuesday, January 2, 2024.

Annually, the average trading price of two-month American soybean futures contracts over the past five years has shown an upward trend. Meanwhile, monthly price monitoring over the past 12 months indicates a shrinking trend. The highest average monthly price for two-month American soybean futures contracts was recorded in September 2022 at USD 1,424.53 per bushel.