American Soybean Futures Contract (Two-Month) Closed at USD 1.012 per Bushel (Friday, September 20, 2024)
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Investing.com notes that the price of the two-month American soybean contract today fell 0.12 percent to USD 1.012 per bushel. This price drop is relatively significant compared to the average price movement over the past week.
This week, the two-month American soybean contract saw its highest surge on Monday, September 16, 2024, reaching 1.8 percent. However, trading since the beginning of the year has shown a continuous decline, with year-to-date growth down 20.57 percent.
The current situation completes the upward trend in the price movement of the two-month American soybean contract over the past two days.
Over the past week, the price movement of the two-month American soybean contract grew by 3.29 percent, with an average daily transaction price of USD 1.004 per bushel. Compared to its position 30 days ago, the price movement of the two-month American soybean contract has grown by 2.56 percent. From its highest price this year at USD 1.274 per bushel, the price of the two-month American soybean contract has fallen 20.57 percent.
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 of the two-month American soybean contract was recorded in November 2023 at USD 1,348.41 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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