American Soybean Futures Prices for Two-Month Contracts Rise to USD 1246.75 per Bushel (Tuesday, May 7, 2024)

The price of the two-month American soybean contract for Tuesday, May 7, 2024, increased. Trading of the two-month American soybean contract today was recorded at USD 1246.75 per bushel. This figure is higher than the previous day's trading, which was at USD 1245.75 per bushel. The current situation is similar to the movement of the two-month American soybean contract over the past five days, which has been on an upward trend.

Over the past week, the price of the two-month American soybean contract has grown by 5.9 percent, with an average daily transaction price of USD 1203.11 per bushel. Compared to the price at the beginning of the year, the price of this two-month American soybean contract has slowed by 2.14 percent. The highest trading value for the two-month American soybean contract this year was transacted at 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 decrease. The highest average monthly price for the two-month American soybean contract was recorded in June 2022 at USD 1672.15 per bushel.