American Soybean Prices for Two-Month Contracts Fall to USD 954.25 per Bushel (Tuesday, August 13, 2024)

The price of the two-month American soybean contract for Tuesday, August 13, 2024, decreased. Trading of the two-month American soybean contract today was recorded at USD 954.25 per bushel. This figure is lower than the previous day's trading, which was at USD 971.25 per bushel. The current situation is similar to the movement of the two-month American soybean contract price over the past seven days, which has been in a downward trend.

Over the past week, the price of the two-month American soybean contract has decreased by -7.49 percent, with an average daily transaction price of USD 987.68 per bushel. Compared to its position 30 days ago, the price of the two-month American soybean contract has decreased by -16.39 percent. 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 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.