The price of American soybean futures contracts for two months, traded this afternoon, was USD 943.38 per bushel (Monday, August 19, 2024).

Investing.com reports that the price of the two-month American soybean contract today rose 1.11% to USD 943.38 per bushel. This price increase is considerably higher than the average price movement over the last week.

Today's price movement is the highest this week at 1.11%. However, trading since the beginning of the year has been consistently declining, with year-to-date growth down 25.95%.

The current situation is similar to the movement of the two-month American soybean contract price in the last 24 hours, which is currently in a shrinking trend.

Over the past week, the price of the two-month American soybean contract grew by -4.4%, with an average daily transaction price of USD 963.91 per bushel. As a result, throughout 2024, the price of the two-month American soybean contract has shrunk by -25.95% from its year-beginning 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 25.95%.

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 September 2022 at USD 1,424.53 per bushel.