1. Soybean oil is oil extracted from soybean, and edible oil is the main consumption mode of soybean oil.
2. Soybean meal is a by-product of extracting soybean oil. As a high-protein raw material, soybean meal is not only used as the main raw material of livestock feed, but also used to make pastry food, healthy food and cosmetics.
3. Soybean meal is a by-product of extracting soybean oil. Also known as "soybean meal". According to different extraction methods, it can be divided into one-dip soybean meal and two-dip soybean meal. Among them, the by-product after extracting soybean oil by leaching method is soaked soybean meal, and the oil is extracted by squeezing first.
The by-product obtained after oil pressing is called double dip soybean meal. Soybean, soybean oil and soybean meal are interrelated products. First of all, soybean I refers to non-transgenic soybeans, soybean II refers to soybeans all over the world, including transgenic and non-transgenic soybeans, while soybean oil and soybean meal are by-products extracted from soybeans and used in different fields.
Extended data
1 delivery standard. The DOU 1 contract is a non-GMO soybean, while the delivery standard of the DOU2 contract is soybeans all over the world, including transgenic soybeans and non-GMO soybeans.
2. Different standards. Soybean 1 Contract adopts the index system of edible soybean based on the current national soybean standard and pure grain rate. Soybean No.2 Contract is a soybean oil extraction index system based on the national standard of soybean oil and with crude fat content as the core.
3. Deliverable products in different ranges. Soybean contract 1 only non-GMO soybeans are allowed to participate in delivery; Soybean No.2 futures contract allows genetically modified soybeans and non-genetically modified soybeans to participate in delivery at the same time.
4. Contract pricing is different from delivery packaging. Among the contract prices, the price in contract 1 includes packaging, and the price in contract 2 does not include packaging. In terms of packaging, consider importing soybeans.
In fact, that is to say, Bean One is a non-GMO soybean in China, which is mainly used for bean products and food, while Bean Two is mainly genetically modified soybean, which is used for oil extraction and feed. The protein content of domestic soybeans is slightly higher, but the yield of oil products is low. At present, China's futures market is dominated by soybeans (domestic soybeans).
References:
Baidu encyclopedia-soybean meal