Soybeans have always been considered the essential part of Asian culture, dating back many centuries before their cultivation in the Western world. However, today the three top global manufacturers of soy include the USA, Argentina and Brazil. Soybeans are highly appreciated by farmers because they naturally improve the soil’s nitrogen level and clear the fields for other cultivated crops. Before the 1920s, the USA didn’t acknowledged soybeans as food, sing its praises only for the industrial purposes. Soybean futures are traded on the Chicago Mercantile Exchange (CME Globex) under the ticker symbol ZS. The contract size comprises 5,000 bushels (136 metric tonnes). Get real-time data on the soybean prices at Capital.com.
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