American soybean oil futures is a futures contract variety listed and traded on Chicago Board of Trade 65438-0950, and it is one of the most active trading varieties of CBOT. Soybean oil is a by-product of soybean, and the futures price of soybean oil in the United States is closely related to the supply and demand of soybean.

In recent years, the consumption of soybean oil has increased rapidly, basically maintaining an annual growth rate of more than 12%. With the improvement of living standards of urban residents, more and more people eat out, and the prosperity of catering industry has a very obvious impact on the demand for soybean oil. The price of soybean directly affects the production cost of soybean oil. Soybean oil is one of the by-products of soybean. Many large-scale crushing enterprises choose imported soybeans as processing raw materials, which makes the crushing capacity of imported soybeans far exceed that of domestic soybeans, thus making the price of soybean oil more and more affected by the price of imported soybeans.