The price of American soybean futures contracts for two months, traded this afternoon, was USD 1,113.38 per bushel (Friday, July 26, 2024).
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On July 26, 2024, the price of two-month American soybean futures contracts fell 0.23 percent to USD 1,113.38 per bushel. This decrease is considered relatively significant compared to the average price movement over the past week.
The price of two-month American soybean futures contracts saw its highest surge this week on Monday, July 22, 2024, reaching 1.87 percent. However, trading since the beginning of the year has shown a continuous decline, with year-to-date (YTD) growth down 12.61 percent.
The current situation mirrors the recent trend of the two-month American soybean futures contract price, which is currently shrinking.
Over the past week, the price of two-month American soybean futures contracts grew by 1.47 percent, with an average daily transaction price of USD 1,110.2 per bushel. As a result, throughout 2024, the price of two-month American soybean futures contracts has decreased by -12.61 percent from its year-start position of USD 1,274 per bushel. The highest trading value for two-month American soybean futures contracts this year was USD 1,274 per bushel, recorded on Tuesday, January 2, 2024.
Annually, the average trading price of two-month American soybean futures contracts over the past five years shows an upward trend. However, monthly price monitoring reveals a downward trend in transactions over the past 12 months. The highest average monthly price for two-month American soybean futures contracts 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."
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