Soybean Futures

About Soybean Futures

Soybeans have been cultivated from the ancient time in Japan. Japan has long history of processing soybeans to consume as food, and it is said that the popularization of tea ceremony kaiseki during the Momoyama era triggered the spread of soybeans to ordinary people. At present, soybean-based miso, natto, soy sauce, and tofu, etc. are indispensable to our dietary habits. It can be said that the wisdom of the Japanese ancestors has contributed to today’s Japanese cuisine. Soy is often called "meat of the field", because it is highly nutritious, containing proteins, fats, carbohydrates, ash, minerals, and vitamins. Soy is essential food for the structure and function of human body cells and in recent years, as the importance of vegetable protein has been recognized, soybean foods have attracted attention worldwide.
Soybean prices are heavily influenced by crops in the US, the world's largest producer, but in recent years South American crops, whose production has increased sharply, also have an influence on the prices. Attention should also be paid to trends in China, the world's largest importer, and fluctuations in exchange rates and freight rates.