Turtle Trading Magic Beans Futures

Published: 19th February 2010
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Agricultural commodities are a unique component of the broader commodities market. These commodities are subject to high volatility because of the underlying market fundamentals. This volatility is what makes them an attractive for many day traders. These agricultural commodities also present solid investment opportunities. Now soybeans have a growing number of applications ranging from fuel additives to feedstock to trendy food products.

Soybeans are a vital crop for the global economy. Soybeans are used for the poultry feedstock to the creation of the vegetable oil. Now, you can trade soybeans themselves as well as soybean oil and soybean meal. Most soybeans are used for extracting soybean oil which is used as a vegetable oil and soybean meal which is used as a agricultural feedstock.

Now, the global leader in growing soybeans is United States followed by Brazil. United States has got 50% of the global market share. BRazil accounts for 20% of the market share. The best place to trade magic beans is the Chicago Board of Trade (CBOT). You can trade soybean futures contracts at CBOT!


As the prices of oil and gasoline skyrocket, there will be an increasing demand for soybeans as it is being increasingly used in biodiesel and other alternative energy technologies. Biodiesel is being promoted on a large scale accross the world. In Europe, United States and other part where cars are increasingly being converted to run on biodiesel. These cars are popularly known as Frybrids and give a better mileage and have low environmentally polluting exhausts.

What this means is the demand for soybean oil is going to increase in this decade as the world starts switching from fossil fuel to bio fuel. As the oil prices skyrocket in this decade, biofuel will become more popular. So you can position yourself for profiting from this coming boom by learning how to trade soybean oil futures contract. These contracts get traded on CBOT.

In this decade, commodities market is going to experience an unprecedented boom that might last for many years. The main reason will be of course rising global population and its desire for better food and better living. CBOT is the best exchange to trade commodities and precious metals contracts. You can day trade many commodity futures at CBOT.


You can also trade soybean meal futures at CBOT. Soybean mean is the leftover after the extraction of soybean oil and is used as a feedstock in cattle, hogs,and poultry industry!


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