Soybean Prices, Trends & Forecasts | Provided by Procurement Resource

Soybean is a protein-rich source that is also rich in fiber as well as healthy fats. It mainly comprises protein, fats, and carbohydrates, which are essential nutrients for good health. It also contains phytonutrients and antioxidants that have several health benefits.

Soybean is one of the best plant-based protein sources, which contains about 36-56% of soy protein. The primary protein variety is, namely, conglycinin and glycinin. The consumption of soy protein also helps to control cholesterol levels that help to maintain good health. It comprises approximately 18% of fats which is a content found in Soybean oil which is a healthy substitute to regular cooking oil. Soybean is a suitable source of nutrition for diabetic individuals as it contains a very low amount of carbs.

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The key importing countries for Soybean are Indonesia, the United States, and Taiwan. On the other hand, the key exporting countries are the United States, Canada, and India.

Key Details About the Soybean Price Trend:

Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Soybean price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.

Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.

The Soybean Price chart, including India Soybean price, USA Soybean price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.

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Industrial Uses Impacting Soybean Price Trend:

Soybean is a plant-based, protein-rich source that has several commercial applications. It contains antioxidants that are great for the skin and heart. Soybean seeds that are obtained from plants are used to extract oil that is rich in healthy fats, supports bone health, maintains healthy skin, and is a versatile alternative compared to the other existing oils in the global market. It is also used in biofuels to produce biodiesel, lubricants, and other petrochemical products.

Additionally, Soybean can be processed into different food products with high demands in the commercial sectors, such as beans, tofu, soy milk, flour, powder, sauce, TVP, and tempeh, etc. Apart from these, soy meal is a great source of nutrients used to produce fodder for livestock and poultry.

Key Players:

Cargill, Incorporated
Archer Daniels Midland Company (ADM)
Grain Millers, Inc
Corteva Agriscience

News & Recent Development

Date: May 11, 2023- Argentina faces a low in the Soybean harvest again due to unfavorable weather conditions. The report estimates that the Soybean harvest had dropped from 23 million tons to 21.5 million tons.

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This release was published on openPR.