Industry Analysis & Industry Trends
The Soybean Farming industry experienced a volatile five years to 2016. Industry revenue grew immensely during the beginning of the period, lifted by skyrocketing oilseed prices. The rising demand for food from developing countries has supported industry exports, however the appreciating US dollar has kept exports steady. Meanwhile the rapid expansion of biofuel production spurred demand for soybeans at home. In addition, a surge in foreign inventory is responsible for the United States' declining share of global exports. During the next five years, soybeans are anticipated to maintain their position as the second-largest crop in the United States, behind corn... purchase to read more
Industry Report - Industry Products Chapter
Almost all soybeans within the United States are processed using a method called crushing. Crushing results in two products: the solid protein referred to as soybean meal and liquid soybean oil. For every hundred pounds of soybeans crushed, the average result is about 80 pounds of soybean meal, 19 pounds of soybean oil and a pound of waste. In terms of dollar value, oil can comprise as much as half of a soybean's value, although it makes up less of its bulk. The exact ratio fluctuates over time as market prices continually adjust.
Soybean meal is the world's most important source of protein feed, providing more than two-thirds of the world supply... purchase to read more