Soybeans

Soybeans are a staple food for people all over the world, so demand tends to be high. It is classified as an oilseed rather than a pulse due to its high oil content and its more popular use as a source of vegetable oil and industrial applications such as biodiesel. ​

Soybean buyers primarily include oilseed crushers & processors, who purchase whole soybeans in large volumes to crush them into soybean meal for animal feed and soybean oil for food, biodiesel, and industrial uses. Buyers also include feed manufacturers & livestock integrators, who acquire primarily soybean meal as a key protein source for poultry, swine, cattle, and aquaculture feeds, relying on it for cost-effective nutrition in complete rations blended by commercial feed mills and integrated livestock operations.