US Soybean Futures Prices Rise for Three Consecutive Days
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The price of the two-month American soybean contract increased on Wednesday, September 18, 2024. Trading of the two-month American soybean contract today was recorded at USD 1,021.38 per bushel. This figure is higher than the previous day's trade, which was at USD 1,006 per bushel. This current condition is similar to the upward trend of the two-month American soybean contract price over the past three days.
Over the past week, the price of the two-month American soybean contract grew by 2.14 percent, with an average daily transaction price of USD 995.34 per bushel. Compared to the price at the beginning of the year, the two-month American soybean contract price has grown by -19.83 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 decline. The highest average monthly price for the two-month American soybean contract commodity 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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