Soybean Futures Futures
Grain markets are global, and soybeans is one of the best example of it. The United States still ranks as the top producer of the crop but Brazil stands as a close second and is edging toward to the top spot. Combine Brazil and Argentina’s production and they represent a dominant force in today’s soybean market. This evolving international trend is just one of the interesting aspects of the soybean market.
Sure soybeans are used in foods and is a key source of protein for the booming global population. But it is also used in industrial applications in everything from ink to biofuels and biodiesel to paints, pesticides and construction materials. This versatility makes soybeans a remarkable commodity that may impact many other industries in ways traders may not have considered. The supply and demand outlook for the commodity is driven not only by traditional influences of weather and planting seasons, but also by major demand from countries such as China, offering creative exposure to such economies.
The CME’s soybean futures has multiple sizes and is the second most active grain contract behind corn and offers bushels of investment ideas.