World’s largest producers of soy are the United States, followed by Brazil, Argentina and China
The price of soybeans reflects the value of a bushel in terms of U.S. dollars, where one bushel of soy beans is equal to 27,216 kg.
Soy is a legume, containing high percentage of protein.
It is used as food for livestock feed and as raw material for the food industry (eg soybean oil or soy protein), as well as in biodiesel, cosmetics, oils, soaps and plastics production.
Rule of thumb
The price of soybeans is subject to the influence of the dynamics of production level, wheather and climatic conditions, as well as the general economic conditions