US Soybean Futures Prices Fall for Four Consecutive Days

The price of the two-month American soybean contract fell on Friday, August 16, 2024. Trading of the two-month American soybean contract today was recorded at USD 938.75 per bushel. This figure is lower than the previous day's trade, which was at USD 951.5 per bushel. This current condition completes the downward trend of the two-month American soybean contract price over the past four days.

Over the past week, the price of the two-month American soybean contract has decreased by 7.03 percent, with an average daily transaction price of USD 983.68 per bushel. Compared to its position 30 days ago, the price of the two-month American soybean contract has decreased by 12.92 percent. 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 shown 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 September 2022 at USD 1,424.53 per bushel.