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Soy Bean Oil Commodity Trading!
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What is the term "bean oil" primarily used for? Commodity
traders in the Chicago Board of Trade Soybean Oil futures market typically
refer to that commodities market as Bean Oil more commonly than the official CBOT
market name of Soybean Oil, with BeanOil and the "soybean complex" being one of the important Chicago
Futures Market CBOT categories.
Bean oil, soybean meal and soybean traders trade the soybean markets by accessing their
soybean trading system which is widely used by soybean traders because it's mechanical and relies more on technical analysis vs difficult to understand and analyze fundamental analysis, based on market fundamentals like crop growing conditions, weather, supply and demand.
With conventional energy and fuel prices raising constantly, so too is futures trading interest in the energy markets such as renewable sources of energy including soy-based bio diesel and other biomass products
made from corn and other grains, including switch grass. More than 60
major diesel-powered fleets around the nation now use as much as a 20-percent
blend of soy-based bio-diesel with regular diesel fuel.
A gas station in San Francisco is the first to offer pure bio diesel
to motorists. The bio diesel pump - the result of a partnership between
Olympian Inc., World Energy Alternatives and CytoCulture has opened.
A similar gas station in Sparks Nevada is offering 100-percent bio diesel,
and as well as B20, a blend of 20-percent bio diesel and 80- percent
Bio diesel is a cleaner-burning alternative fuel that can be burned
in any diesel vehicle with little or no engine modification. Bio diesel
and biodiesel blends, which have been successfully tested over more
than 40-million miles, are being used by more than 80 major fleets nationwide.
Bio diesel fuel can be produced from any fat or vegetable oil ... most
U.S. bio diesel is made from soybean oil - through a refinery process
called trans esterification. Corn (also known as Maze, especially in
foreign markets) is a primary source
of renewable energy and alternative fuel used by
E85 Powered Cars and in E85
Powered Trucks, which alternative fuel vehicles are expected to
become common in the years ahead.
There is a new soybean product based paint stripper. Soy Gel is a safe,
effective alternative to the hazardous methylene chloride, a traditional
paint stripper. Soy Gel is nontoxic and biodegradable, reduces offensive
odors that traditional paint strippers emit, removes multiples layers
of paint in a single application, and reduces time and labor costs.
Another use for soybean oil is as a feedstock for farmers. However,
of course bean oil's major consumer use is a vegetable oil for cooking
and popular ingredient in all kinds of foods, including frozen food,
deserts and cookies (even rich tasting but healthy soy ice cream), and
prepared foods of all types.
For a delicious and healthy treat spread
ginger butter on low-fat extra-firm tofu, fried until golden-brown using Pam Spray.