Soybeans are a type of legume that are cultivated around the world as a source of protein. Soybean is one of the world’s most popular ‘soft’ commodities , and the US produces more of these than any other country. Soybeans are used to make vegan or plant-based food products such as tofu and soy milk, and they can also be used for building materials, industrial solvents and ink. As it’s an agricultural commodity, the price of soybean can be influenced by weather and climate conditions, such as natural disasters that reduce the supply of soybean available to the market. It’s also in greater demand from emerging market economies, such as China and India, which can push up the price of soybean. View our Soybean live chart and register for an account to spread bet or trade CFDs on Soybean – Cash.