American Soybean Futures Prices Rise to USD 1.006.25 per Bushel on Two-Month Contract (Monday, September 9, 2024)
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The price of the two-month American soybean contract increased on Monday, September 9, 2024. Trading of the two-month American soybean contract today was recorded at USD 1,006.25 per bushel. This figure is higher than the previous day's trade, which was at USD 1,005 per bushel. This current condition is similar to the movement of the two-month American soybean contract price over the last day, which is in an upward trend.
Over the last week, the price of the two-month American soybean contract grew by 2.99 percent, with an average daily transaction price of USD 1,008.68 per bushel. As a result, throughout 2024, the price of the two-month American soybean contract has fallen by 21.02 percent from its year-start position of USD 1,274 per bushel. In fact, from its highest price this year of USD 1,274 per bushel, the price of the two-month American soybean contract has fallen by 21.02 percent.
Annually, the average trading price of the two-month American soybean contract over the last five years has been in 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 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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