Soybean / USD Cash Trading
The soybean was introduced to Europe in the 1700s. Since then, it has made a mark for itself worldwide by providing oil and protein sources. America produces 55% of the world's soybeans while exporting 37% of the same. Soybean has become a staple food for many countries, and most of it produced is used to extract the oil used for culinary purposes. After the extraction of the oil, the leftovers from the soybean meal are used for agricultural feed for livestock.
Which exchanges deal in Soybean trading?
Exchanges that deal in Soybean trading both in an open outcry format and electronically are the CME Group (Chicago Mercantile Exchange (CME), e-CBOT), National Commodity and Derivatives Exchange, Mercado a Termino de Buenos Aires, Dalian Commodity Exchange, the Brazilian Mercantile and Futures Exchange, Kansai Commodities Exchange, and the Tokyo Grain Exchange. Whole soybeans are also a tradeable commodity at FP Markets.
What products are produced from soybean?
Τhe soybean produces two main byproducts which are the soybean oil and the soybean meal. Both have their own supply and demand prices that impact future prices.
What can move the price of soybean?
The price of soybean can be affected by factors such as changing weather conditions, distribution costs, geopolitics, global health issues and the strength of the US dollar. Also, the price of soybean is moved by factors that relate to supply and demand.
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Source - database | Page ID - 4494