American Soybean Futures Prices for Two-Month Contracts Rise to USD 949.12 per Bushel (Wednesday, August 14, 2024)

Investing.com reports that the price of the two-month American soybean contract today rose 0.2 percent to USD 949.12 per bushel. This price increase is relatively high compared to the average price movement over the past week.

Today's price movement is the highest this week at 0.2 percent. Meanwhile, trading since the beginning of the year has continued to decline, with year-to-date growth down 25.5 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 in a downward trend.

Over the past week, the price of the two-month American soybean contract grew by -6.4 percent, with an average daily transaction price of USD 977.41 per bushel. As a result, throughout 2024, the price of the two-month American soybean contract has fallen 25.5 percent from its year-beginning position of USD 1,274 per bushel. 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 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 September 2022 at USD 1,424.53 per bushel.