The price of American soybean futures contracts for two months, traded this afternoon, was USD 1,004.12 per bushel (Wednesday, August 7, 2024).

Investing.com reports that the price of the two-month American soybean contract today fell 0.97 percent to USD 1,004.12 per bushel. This price drop is considerably higher than the average price movement over the last week.

Throughout this week, the price of the two-month American soybean contract saw its highest surge on Monday, August 5, 2024, at 0 percent. However, trading since the beginning of the year has continuously declined, with year-to-date (YTD) growth down 21.18 percent.

The current situation completes the price movement of the two-month American soybean contract over the last two days, which is in a shrinking trend.

Over the past week, the price movement of the two-month American soybean contract grew by -1.02 percent, with an average daily transaction price of USD 1,018 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 -21.18 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 last 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 September 2022 at USD 1,424.53 per bushel.