Soybean Futures Trading - Strategies for trading it and contract specifications

Soybeans are among the most popular commodities worldwide due to their rich nutritional value, universal application, and relatively cheap production. Understandably, the soybeans futures market is one of the most developed ones, not only in agriculture but also among all commodities. In fact, according to a report by the World Federation of Exchanges, for 2018, Soybean Meal futures were the 4th most traded commodity worldwide, ranking right behind steel, crude oil Brent, and crude oil futures.

The soybean is a species of legume, classified as an oil crop by the UN’s Food and Agriculture Organization (FAO). The first references to soybean crops have been in China more than 3,000 years ago. The soybean is native to East Asia and remained fairly unpopular in other parts of the world until the late 1700s, when it was brought to the United States for the first time. A few years later, soybeans became popular in Europe as well. Farmers quickly started to recognize the benefits of planting soybeans as it helped them clear the field for other crops and ensured the natural fixation of nitrogen levels in the soil.

0:00 Intro Music
0:11 Disclaimer
0:27 Introduction
1:25 Soybean Futures
1:59 The Soybean
3:03 Industrially Speaking
3:50 Everyone Loves Food!
5:14 Contract Specifications
6:31 Soybean Fundamentals
8:38 We Keep Making Babies
9:46 It's Getting Hot in Here!
11:42 Weakened Dollar
15:37 Indicators and Conclusion
16:36 Outro

Whether you want to know more about Soybean Futures or any other futures contract, Earn2Trade has you covered!
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Intro Music:
African Drums (Sting) by Twin Musicom
http://www.twinmusicom.org/
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