Soybeans are the world's most traded oilseed, valued for both soybean oil (cooking, biodiesel) and soybean meal (animal feed protein). The U.S. and Brazil are the world's largest producers.

Why It Matters

Soybeans are essential for global protein supply—soybean meal is the dominant source of protein for livestock feed worldwide. Soybean oil is increasingly used in biodiesel production.

China Factor

China imports over 60% of global soybean trade to feed its massive livestock industry. Chinese demand is the single most important factor in soybean pricing. U.S.-China trade relations frequently impact soybean markets.

Market Impact

Soybean prices affect food costs globally, biodiesel economics, and agricultural land use decisions. Brazil's harvest season (March–May) and the U.S. season (September–November) create price seasonality.