What it is
An oilseed and the world’s main source of protein for animal feed. Nearly all of the crop is crushed into soybean meal and soybean oil; a small part is eaten as food.
How it is usually quoted
US cents per bushel.
This is the customary unit of the reference market. Other markets for the same commodity may use another unit or currency, and an exchange can change a contract’s terms: its own rulebook is the authority.
Where the reference contract trades
CME (Chicago Board of Trade); also the Dalian Commodity Exchange.
Named for orientation only. Naming an exchange or a market here does not mean that GIO4X gives access to it.
What commonly moves it
- Weather in the US Midwest and, half a year later, in Brazil and Argentina
- China’s import demand, which follows the size of its pig herd
- Crushers’ profit margins
- Trade policy between the main exporters and importers
- Demand for soybean oil as a biofuel feedstock
These are the things people who follow this market usually watch. They explain how the market works; they do not say what the price will do next.
Where it comes from
Brazil and the United States grow most of it, followed by Argentina, China, India and Paraguay.
The order of producers changes from year to year, so no quantities or shares are given here.
At GIO4X
Soybeans is not offered as a GIO4X instrument. This page is general education about a market that exists elsewhere, and nothing on it means that GIO4X quotes, trades or gives access to it.
The commodities GIO4X does list are Brent crude, gold, natural gas, palladium, platinum, silver and WTI crude.
Words worth knowing
A reference page. Educational information, not investment advice or a recommendation to trade. It gives no price and no forecast.