Soybean introduction and background |
Soybeans are one of the world’s most agricultural important crops, used as animal feed and to produce soybean oil, as well as industrial applications.
Major soybean producers include the United States, Brazil, and Argentina. Together these three countries are responsible for over 80% of global production. Soybeans are rich in protein and can be used to produce soybean oil, making them valuable for both human consumption and animal feed. Soybeans are also used in the production of biodiesel and various industrial products.
The price of soybeans is influenced by several factors, including global supply and demand, weather conditions in major growing regions, and government policies affecting agriculture and trade. Changes in dietary trends, such as the increasing popularity of plant-based proteins, can impact demand. The soybean market is also closely linked to other agricultural commodities, particularly corn, as farmers often choose between these crops based on relative prices and growing conditions. Like many agricultural commodities, soybean prices display seasonality, with prices lower around the US harvest.
Enjoy highly competitive CFD pricing across global markets.
Trade CFDs globally and locally across asset classes.
Benefit from using our comprehensive and customisable trading platform.