Crude Soybean Oil Price Trends
Procurement Resource provides latest prices of Crude Soybean Oil. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Procurement Resource provides prices of Crude Soybean Oil for several regions around the globe, which are as follows:
- North America
- South America
- Asia Pacific
- Middle East
About Crude Soybean Oil:
Crude Soybean Oil is basically oil derived from soybean flakes with mixed hexanes. Crude degummed soybean oil is defined as pure soybean oil which is obtained from fair to average quality crude soybean oil by removing most of the natural gums (phospholipids) present in it through hydration and mechanical separation.
- Producing salad dressings
- Baking and frying fats
- Salad and cooking oils
- Production of Crude Soybean Oil from Soybeans
In this process, first soybeans undergo cracking process and then heated at a temperature ranging between 60-88oC or 140-190°F. These are further rolled into flakes and solvent-extracted with hexanes. This extracted oil containing hexanes is known as Crude Soybean Oil. Upon refining the same, it is referred to as soybean oil.
- Bunge Limited
- The Archer Daniels Midland Company
- Cargill, Incorporated
- Adams Group
- CHS Inc.
- Grain Millers Inc
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The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).