American Soybean Prices for Two-Month Contracts Fall to USD 1113.5 per Bushel (Friday, July 12, 2024)

On July 12, 2024, the price of the two-month American soybean contract fell 0.31 percent to USD 1113.5 per bushel. This decrease is considered relatively significant compared to the average price movement over the past week.

Yesterday, July 11, 2024, the price of the two-month American soybean contract saw its highest increase, reaching 0.34 percent. However, trading since the beginning of the year has shown a continuous decline, with year-to-date (YTD) growth down 12.6 percent.

The current situation mirrors the downward trend observed in the price of the two-month American soybean contract over the past day.

Over the past week, the price of the two-month American soybean contract has grown by -3.19 percent, with an average daily transaction price of USD 1,135.43 per bushel. Compared to the price at the beginning of the year, the price of this two-month American soybean contract has grown by -12.6 percent. The highest trading value for the two-month American soybean contract this year was USD 1,274 per bushel, recorded on Tuesday, January 2, 2024.

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