American Soybean Futures Prices Fall to USD 1.021.88 per Bushel (Tuesday, July 30, 2024)

The price of the two-month American soybean contract fell on Tuesday, July 30, 2024. Trading of the two-month American soybean contract today was recorded at USD 1,021.88 per bushel. This figure is lower than the previous day's trade, which was at USD 1,030 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 movement of the two-month American soybean contract has grown by -4.03 percent, with an average daily transaction price of USD 1,048.32 per bushel. Compared to the price at the beginning of the year, the price of this two-month American soybean contract has grown by -19.79 percent. Indeed, from its highest price this year at USD 1,274 per bushel, the price of the two-month American soybean contract has fallen by 19.79 percent.

Annually, the average trade 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 decline. The highest average monthly price of the two-month American soybean contract was recorded in September 2022 at USD 1,424.53 per bushel.