The price of American soybean futures contracts for two months, traded during daytime hours, was USD 1210.12 per bushel (Monday, January 29, 2024).

Investing.com notes that the price of the two-month American soybean contract today rose 0.07 percent to USD 1210.12 per bushel. This price increase is relatively high compared to the average price movement over the last week.

Today's price movement is the highest in the last week at 0.07 percent. Meanwhile, trading since the beginning of the year has continued to decline, with year-to-date growth at 5.01 percent.

The current situation is similar to the previous two-month American soybean contract price movement, which is in a downward trend.

Over the past week, the price movement of the two-month American soybean contract slowed by 0.28 percent, with an average daily transaction price of USD 1222.8 per bushel. As a result, throughout 2024, the price of the two-month American soybean contract has fallen by 5.01 percent from its year-beginning position of USD 1,274 per bushel. The highest trading value for the two-month American soybean contract this year was 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 was recorded in March 2022 at USD 1679.74 per bushel.