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Soybean oil (British English: soyabean oil) is a vegetable oil extracted from the seeds of the soybean (Glycine max). It is one of the most widely consumed cooking oils and the second most consumed vegetable oil. [2] As a drying oil, processed soybean oil is also used as a base for printing inks and oil paints.
A further byproduct called tall oil fatty acid (TOFA) is a cheap source of oleic acid. [219] Tamanu or foraha oil [220] from the Calophyllum tacamahaca, is important in Polynesian culture, and, although very expensive, [220] is used for skin care. [221] Tonka bean oil (Cumaru oil), popular ingredient in cologne, used medicinally in Brazil. [222]
Countries by soybean production in 2020. This is a list of countries by soybean production from 2016 to 2022, based on data from the Food and Agriculture Organization Corporate Statistical Database. [1] The total world production for soybeans in 2022 was 348,856,427 metric tonnes, down 6.4% from 372,853,699 tonnes in 2021. [1]
For many years, West Texas Intermediate (WTI) crude oil, a light, sweet crude oil, was the world's most-traded commodity. WTI is a grade used as a benchmark in oil pricing. It is the underlying commodity of Chicago Mercantile Exchange's oil futures contracts. WTI is often referenced in news reports on oil prices, alongside Brent Crude. WTI is ...
Soybeans are also used in industrial products, including oils, soap, cosmetics, resins, plastics, inks, crayons, solvents, and clothing. Soybean oil is the primary source of biodiesel in the United States, accounting for 80% of domestic biodiesel production. [184]
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To make soy ink, soybean oil is slightly refined and then blended with pigment, resins, and waxes.Even though soybean oil is an edible vegetable oil, soy ink is not edible nor 100% biodegradable because the pigments and other additives that are mixed with the oil are the same as those used in petroleum-based inks.