American Soybean Prices for Two-Month Contracts Rise to USD 1.005 per Bushel (Wednesday, September 11, 2024)
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Investing.com notes that the price of the two-month American soybean contract today rose 0.78 percent to USD 1.005 per bushel. This price increase is relatively high compared to the average price movement over the last week.
The two-month American soybean contract experienced its highest jump this week on Monday, September 9, 2024, at 1.29 percent. However, trading since the beginning of the year has been continuously declining, with year-to-date growth down 21.11 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 on an upward trend.
Over the past week, the price of the two-month American soybean contract grew by 0.5 percent, with an average daily transaction price of USD 1,011.75 per bushel. As a result, throughout 2024, the price of the two-month American soybean contract has shrunk by -21.11 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 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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