American Soybean Futures Prices Rise to USD 1,002.88 per Bushel on Two-Month Contract (Thursday, September 12, 2024)
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Investing.com reports that the price of the two-month American soybean contract today rose 0.24 percent to USD 1,002.88 per bushel. This price increase is considered relatively high 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 9, 2024, at 1.29 percent. However, trading since the beginning of the year has continued to decline, with year-to-date growth down 21.28 percent.
The current situation confirms the upward trend in the price of the two-month American soybean contract over the past two days.
Over the past week, the price of the two-month American soybean contract grew by -0.9 percent, with an average daily transaction price of USD 1,009.8 per bushel. According to Katadata Insight Center (KIC) calculations, year-to-date (YTD), the price of the two-month American soybean contract has fallen by 21.28 percent. The highest trading value for the two-month American soybean contract this year was USD 1,274 per bushel, recorded 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 decline. The highest average monthly price for 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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