American Soybean Prices for Two-Month Contracts Fall to US$1247.5 (Wednesday, January 10, 2024)

The price of the two-month American soybean contract for Wednesday, January 10, 2024, decreased. Trading of the two-month American soybean contract today was recorded at US$1,247.5 million rupiah. This figure is lower than the previous day's trade, which was at US$1,247.75 million rupiah. This current condition is similar to the previous trend of the two-month American soybean contract, which is currently declining.

Over the past week, the price movement of the two-month American soybean contract slowed by 3.56 percent, with an average daily transaction price of US$1,256.57 million rupiah. As a result, throughout 2024, the price of the two-month American soybean contract has fallen by 2.08 percent from its year-beginning position of US$1,274 million rupiah. The highest trading value for the two-month American soybean contract this year was transacted at US$1,274 million rupiah, 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 March 2022 at US$1,679.74 million rupiah.