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A particular kind of legume in the Fabaceae family is the soybean. They are very adaptable and commonly grown for their nutrient-rich seeds. They provide a plentiful amount of plant-based protein and all the key amino acids humans need. They are also an excellent source of dietary fiber, healthy fats, and vitamins and minerals, including iron, calcium, and vitamin B6.
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The high concentration of isoflavones, a class of phytochemicals with potential health benefits, is also found in soybeans. These legumes can be processed into various forms, including soybean oil, tofu, tempeh, and soy milk. Soybeans have gained popularity due to their nutritional value and their use in a variety of culinary and industrial applications.
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 Price analysis, including India Soybean price, USA Soybean price, pricing database, and chart 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.
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Industrial Uses Impacting Soybean Price Trend:
Soybean is a versatile legume with many industrial applications. The soybean crops are majorly converted into soybean oil, used for fueling biodiesel engines, cooking, and in various food items. In addition to that, tofu, soy milk, soy sauce, and vegetable protein require soybean as a central ingredient. This legume is also used in the animal feed sector as a source of protein and nutrients for aquaculture and livestock. Food processing uses soy derivatives such as soy lecithin as stabilizers and emulsifiers. Additionally, the manufacturing and construction industries use soy-based products like adhesives and coatings. The production of bio-based plastics and fibers also uses soybeans. The variety of industrial applications for soybeans emphasizes their significance as a sustainable resource in a number of industries.
Key Players:
- Cargill
- Incorporated
- Archer Daniels Midland Company (ADM)
- Grain Millers Inc
- Corteva Agriscience
News & Recent Development:
- 15 May 2023: Soybeans, corn dip on profit-taking after previous gains- Tuesday saw a slight decline in U.S. soybean and maize futures due to profit-taking after both commodities had their greatest one-day gains in months during the previous trading session. Similar to how wheat dipped, concerns about global supply were allayed by a better-than-anticipated weekly report on the U.S. winter wheat crop.
About Us:
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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