The price of the two-month American soybean contract traded at US$1269.75 during daytime trading (Friday, January 5, 2024).

Investing.com notes that the price of the two-month American soybean contract today fell 0.64 percent to US$1269.75 per metric ton. This price drop is relatively significant compared to the average price movement over the past week.

Yesterday, the price of the two-month American soybean contract experienced its highest surge on Thursday, January 4, 2024, at 0.66 percent. However, trading since the beginning of the year has shown a continuous decline, with year-to-date growth at 0.33 percent.

The current situation is similar to the previous trend of the two-month American soybean contract, which is currently shrinking.

Over the past week, the price of the two-month American soybean contract has slowed by 3.31 percent, with an average daily transaction price of US$1286.66 per metric ton. Compared to the price at the beginning of the year, the price of this two-month American soybean contract has slowed by 0.33 percent. Furthermore, from its highest price this year at US$1277.88 per metric ton, the price of the two-month American soybean contract has fallen by 0.64 percent.

Annually, the average trading price of the two-month American soybean contract over the past five years has shown an upward trend. Meanwhile, for monthly price monitoring, transactions in the last 12 months have tended to shrink. The highest average monthly price of the two-month American soybean contract was recorded in March 2022 at US$1679.74 per metric ton.