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CFD on the daily spot price of soybeans (SOYBEAN).

 SELL Open a SELL trade on  SELL Open a SELL trade on Of current open trades, % are BUY and % are SELL BUY  Open a BUY trade on BUY  Open a BUY trade on   The daily price change of
Product Type: Commodity CFD
Currency: USDMeasurement Unit: Pound (lb)
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Soybeans are among the first five basic nutrients and global demand for it is quite high. Soybean oil is the most consumed oil type in the world, while soybean meals are the most widely used product for animal feeding. Soybeans also recently started being used in bio fuel production and demand is constantly increasing.

Soybeans prices are affected by weather conditions, cropped area size and yield.

Interesting Facts:

  • A 20-year low in soybeans price was recorded in 2001 at $419.50, while the all-time-high was recorded in 2012 at $1794.63.
  • A total of 25 million tons of soybean meals are consumed in the USA alone.
  • With an increase in healthy lifestyles in developed economies, it is expected that soybean demand for human consumption will increase in the future.