American Soybean Futures Contract (Two-Month) closed at USD 986.75 per bushel on Friday, September 13, 2024.
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Investing.com notes that the price of the two-month American soybean contract today fell 0.48 percent to USD 986.75 per bushel. This price drop is considerably higher than the average price movement over the last week.
This week, the two-month American soybean contract saw its highest surge on Thursday, September 12, 2024, at 1.2 percent. However, trading since the beginning of the year has continuously declined, with year-to-date growth down 22.55 percent.
The current situation is similar to the movement of the two-month American soybean contract price in the last 24 hours, which is currently on an upward trend.
Over the last week, the two-month American soybean contract price movement grew by -3.4 percent, with an average daily transaction price of USD 990.43 per bushel. Compared to the price at the beginning of the year, the two-month American soybean contract price has grown by -22.55 percent. Indeed, from its highest price this year at USD 1,274 per bushel, the two-month American soybean contract price has fallen by 22.55 percent.
Annually, the average trading price of the two-month American soybean contract over the last five years has been on an upward trend. Meanwhile, for monthly price monitoring, transactions in the last 12 months have tended to decline. 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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