American Soybean Futures Contract (Two-Month) Closed at USD 1.018 per Bushel (Thursday, August 1, 2024)

On August 5, 2024, the price of two-month American soybean futures contracts increased by 0.89 percent, reaching USD 1.018 per bushel. This increase is significantly higher than the average price movement over the past week.

This week, the highest increase in the price of two-month American soybean futures contracts occurred on Thursday, August 1, 2024, at 0.89 percent. However, trading since the beginning of the year has shown a continuous decline, with year-to-date (YTD) growth down 20.09 percent.

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

Over the past week, the price movement of two-month American soybean futures contracts grew by -5.26 percent, with an average daily transaction price of USD 1,023.79 per bushel. As a result, throughout 2024, the price of two-month American soybean futures contracts has fallen by 20.09 percent from its year-start position of USD 1,274 per bushel. In fact, from its highest price this year of USD 1,274 per bushel, the price of two-month American soybean futures contracts has fallen by 20.09 percent.

Annually, the average trading price of two-month American soybean futures contracts 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 for two-month American soybean futures contracts was recorded in September 2022 at USD 1,424.53 per bushel.