The price of American soybean futures contracts for two months, traded this afternoon, was USD 1,117.12 per bushel (Thursday, July 11, 2024).

Agus Dwi Darmawan 11/07/2024 14:32 WIB

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Over the past week, the price of two-month American soybean futures contracts has decreased by 2.52 percent, with an average daily transaction price of USD 1140.7 per bushel.

US Soybean Prices Over the Past Three Months

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The price of American soybean futures contracts for two months, traded this afternoon, was USD 1,117.12 per bushel (Thursday, July 11, 2024).

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US Soybean Prices Over the Past Three Months

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July 11, 2024 recorded a 0.35% increase in the price of the two-month American soybean contract, reaching USD 1,117.12 per bushel. This increase is significantly higher than the average price movement over the past week.

Today's price movement represents the highest increase in the last week at 0.35%. However, trading since the beginning of the year has shown a continuous decline, with year-to-date (YTD) growth down 12.31%.

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

Over the past week, the two-month American soybean contract price grew by -2.52%, with an average daily transaction price of USD 1,140.7 per bushel. Compared to its position 30 days ago, the price has grown by -9.14%. 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.

"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."