American Soybean Futures Prices for Two-Month Contracts Rise to USD 952 per Bushel (Friday, August 23, 2024)
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Investing.com notes that the price of the two-month American soybean contract today rose 1.14 percent to USD 952 per bushel. This price increase is considered relatively high compared to the average price movement over the past week.
The two-month American soybean contract experienced its highest jump this week on Monday, August 19, 2024, at 2.49 percent. However, trading since the beginning of the year has been continuously declining, with year-to-date (YTD) growth down 25.27 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 shrinking trend.
Over the past week, the price of the two-month American soybean contract grew by 0.05 percent, with an average daily transaction price of USD 948.79 per bushel. According to Katadata Insight Center (KIC) calculations, year-to-date (YTD), the price of the two-month American soybean contract has shrunk by -25.27 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 25.27 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 shrink. The highest average monthly price of the two-month American soybean contract was recorded in September 2022 at USD 1,424.53 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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