Soya is a particularly attractive agricultural commodity for online traders as well as those who hold bank placement products.
But how can you best anticipate the movements in the price of this legume that is so highly consumed worldwide?
To learn how to do so read our comprehensive presentation here with details on all information relating to its price and its use as a stock market asset.
Soy is produced in the form of ‘cakes’. Its use relates to both the agro-foods and animal feed sectors. Soya is in fact one of the main bovine feed products and its price is therefore directly correlated to the international demand for meat. It is soya’s protein rich composition that makes it such a prized agro-food product, even with the dietary industry.
Soya oil is also the most produced vegetable oil throughout the world representing 32% of all vegetable oils produced and its production alone consumes 20% of the raw soya production. It is this oil, from soya, that is most used in human alimentation. But soya also enters into the composition of other derived products such as soaps, detergents and even some paints. As with wheat, it is also used in the manufacture of bio-fuels, a sector that is currently in full expansion due to the heady rise of the oil price.
Concerning the global production of soya, the major producing countries are the United States at 40% of the worldwide production, followed by Argentina, China and Brazil. It should also be noted that China is also the largest global consuming country and accounts for nearly 50% of the importation of soya beans worldwide.
To trade in soya beans you will need to take into account numerous indicators that influence the prices due to their impact on its supply and demand. Therefore you should pay particular attention to the following factors:
Effective trading of soya beans online does not require any particular knowledge and is accessible to anyone from a Forex trading platform. Wait no longer to learn more about investing in this particular commodity by registering with a reputable broker online.