Soybeans: Relationships
Every element and industry that Soybeans is linked to, and how. Each pair has its own card explaining the relationships between the two.
- Biodiesel (FAME): Soybean oil, the smaller of the two products of crushing soybeans, is the main feedstock for biodiesel in the US and Brazil, and USDA expected biofuel makers to use more than half of US soybean oil in 2025/26. US blending volumes and Brazil's mandate therefore move the value of the oil, the crush margin and the soyoil available to importers such as India. (researched)
- Cotton: Cotton and soybeans compete for the same fields in the US and in central India, but in Brazil most cotton is sown straight after the soybean harvest, and cottonseed meal competes with soybean meal as feed. (researched)
- Maize: Maize and soybeans compete for the same farmland, are grown in rotation, and are fed together as energy and protein, so their prices and acreages move as a pair. (researched)
- Palm oil: Palm oil and soybean oil are the two largest edible oils and close substitutes, so palm supply and prices feed into the value of every soybean crushed, and India switches its imports between them on price. (researched)
- Beef: Their prices have moved together.
- Eggs: Their prices have moved together.
- Energy in farming: Their prices have moved together.
- Fishmeal & shrimp: Their prices have moved together.
- Food and beverage processing: Food and beverage processing depends on soybeans.
- Food and feed additives: Soybeans is a raw material for food and feed additives.
- Glycerine: Soybeans is a raw material for glycerine.
- Groundnuts: Their prices have moved together.
- Herbicides: Their prices have moved together.
- Milk & dairy: Their prices have moved together.
- Plasticisers: Their prices have moved together.
- Pork: Their prices have moved together.
- Poultry: Their prices have moved together.
- Pulses: Their prices have moved together.
- Rapeseed: Their prices have moved together.
- Renewable diesel and SAF: Soybeans is a raw material for renewable diesel and SAF.
- Sunflower: Their prices have moved together.
- Wheat: Their prices have moved together.