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Request for Real Time Soybean Prices: https://www.procurementresource.com/resource-center/soybean-price-trends/pricerequest
Soybean is a culinary legume that is a member of the pea family. It contains vital nutrients such phytic acid, vitamin B, and dietary minerals. Tropical and subtropical climates are where it is grown.
It is a crucial component of many chemical products around the world and a cost-effective source of protein for millions of people. It is a vital ingredient in farm animal nutrition and is widely used in the food and industrial industries.
Brazil, the United States, Argentina, Paraguay, and Canada are the world’s top soybean producers.
Key Details About the Soybean Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Soybean price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as excel files that can be used offline.
The Soybean pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Soybean Price Trend:
Because soybean has a high protein level, it is often eaten in place of meat. It can be found in a variety of meals, including vegetarian, vegan, and infant foods as well as vegan cheese, margarine, and meat.
Additionally, it is produced and transformed into animal feed for chickens, pets, fish, cattle, and other species. In addition, soybeans are used to make biofuels, polymers, lubricants, coatings, rubber, fibres, and solvents.
The oil obtained from the legume is used in a variety of industrial products, including adhesives, linoleum backing, fertilisers, paints, sizing for textiles, and fluids used in fire extinguishers. It is also used in personal care and skin care products.
Key Market Players:
- Cargill, Incorporated
- Archer Daniels Midland Company (ADM)
- Grain Millers, Inc.
- Corteva Agriscience
News and Events:
- February 2022: Bayer and M.S. Technologies LLC announced a distribution agreement for soybeans containing the “Enlist E3 trait.” Bayer will provide in accordance with this Agreement, English E3-enabled soybean seeds for the growth season of 2023.
- August 2022: A new factory that smashes 42.5 million tonnes of soybeans and produces soybean oil, soybean meal, and hulls was opened by North Dakota Soybean Processors, a joint venture between Minnesota Soybean Processors and CB Enterprises Inc. By 2024, it will be fully functioning.
- Soybean Meal Price Trend – https://www.procurementresource.com/resource-center/soybean-meal-price-trends
- Soybean Oil Price Trend – https://www.procurementresource.com/resource-center/soybean-oil-price-trends
- Spearmint Oil Price Trend – https://www.procurementresource.com/resource-center/spearmint-oil-price-trends
Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.
We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.
To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
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