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 extraction method is one-dip soybean meal, and the by-product after extracting oil by pressing is called two-dip soybean meal.

At present, the so-called soybean meal in the futures market is a kind of soaked soybean meal. Soaked soybean meal is mainly used for feed and fertilizer.