The price of American soybean futures contracts for two months, traded this afternoon, was USD 998.62 per bushel (Friday, August 9, 2024).

The price of the two-month American soybean contract increased on Friday, August 9, 2024. Trading of the two-month American soybean contract today was recorded at USD 998.62 per bushel. This figure is higher than the previous day's trade, which was USD 993.5 per bushel. This current condition is similar to the movement of the two-month American soybean contract in the last day, which is currently in a downward trend.

Over the past week, the price of the two-month American soybean contract grew by -1.9 percent, with an average daily transaction price of USD 1,013.18 per bushel. According to Katadata Insight Center (KIC) calculations, year-to-date (YTD), the price of the two-month American soybean contract has fallen by 21.62 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 past five years has been on an upward trend. Meanwhile, for monthly price monitoring, transactions in the last 12 months have tended to decrease. The highest average monthly price for the two-month American soybean contract was recorded in September 2022 at USD 1,424.53 per bushel.