US Soybean Futures Prices Fall for Three Consecutive Days

The price of the two-month American soybean contract fell on Thursday, August 15, 2024. Trading of the two-month American soybean contract today was recorded at USD 956.5 per bushel. This figure is lower than the previous day's trade, which was at USD 979.75 per bushel. This current situation is similar to the movement of the two-month American soybean contract price over the past three days, which has been in a downward trend.

Over the past week, the price movement of the two-month American soybean contract has grown by -4.85 percent, with an average daily transaction price of USD 994.54 per bushel. Compared to its position 30 days ago, the price movement of the two-month American soybean contract has grown by -15.69 percent. The highest trading value for the two-month American soybean contract commodity this year was transacted at USD 1,274 per bushel, which occurred on Tuesday, January 2, 2024.

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 commodity was recorded in September 2022 at USD 1,424.53 per bushel.