American Soybean Futures Prices for Two-Month Contracts Rise to USD 1134.5 per Bushel (Friday, July 12, 2024)

On July 14, 2024, the price of the two-month American soybean contract rose 1.57 percent to USD 1134.5 per bushel. This increase is significantly higher than the average price movement over the past week.

This week, the two-month American soybean contract saw its highest surge on Friday, July 12, 2024, at 1.57 percent. However, trading since the beginning of the year has continuously declined, with year-to-date (YTD) growth down 10.95 percent.

The current situation reflects the downward trend in the price of the two-month American soybean contract over the past two days.

Over the past week, the price of the two-month American soybean contract grew by -1.37 percent, with an average daily transaction price of USD 1,138.43 per bushel. According to Katadata Insight Center (KIC) calculations, year-to-date (YTD), the price of the two-month American soybean contract has fallen by 10.95 percent. The highest trading value for this commodity 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 shows 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.