Soybean meal is the by-product of the extraction of soybean oil. It is the most important protein source used to feed farm animals. Soybean meal are processed for their oil and protein for the animal feed industry. Soybean meal is used in food and animal feeds, principally as a protein supplement, but also as a source of metabolizable energy.

Due to the advantages of comprehensive industrial chain coverage and authoritative price, CBOT Soybean Meal has attracted more and more Chinese investors to participate in electronic trading.

Contribution factors:

Output in major producer countries

Prices of soybeans and soybean oil

Economic status of countries

Countries’ demand for soybean flour

Disease effects (For example, avian influenza and mad cow disease affect the demand for soybean meal because of the decrease in the number of livestock.)