US Soybean Prices Over the Past Three Months

Investing.com notes that the price of the two-month American soybean contract today fell 0.56 percent to USD 971.25 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 Tuesday, December 17, 2024, falling 0.53 percent. Meanwhile, trading since the beginning of the year has continued to decline, with year-to-date growth down 23.76 percent.

The current situation completes the price movement of the two-month American soybean contract over the past four days, which has been in a shrinking trend.

Over the past week, the price movement of the two-month American soybean contract grew by -1.89 percent, with an average daily transaction price of USD 986.32 per bushel. As a result, throughout 2024, the price of the two-month American soybean contract has fallen 23.76 percent from its year-beginning position of USD 1,274 per bushel. Indeed, from its highest price this year at USD 1,274 per bushel, the price of the two-month American soybean contract has fallen 23.76 percent.

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 of the two-month American soybean contract was recorded in January 2024 at USD 1,230.15 per bushel.