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For a while the existence of soybean oil confused me because I thought soybeans are the source of proteins. Not oils. But apparently it's both.

Don't you pay for already been paid for soybeans? It's government subsidized ( communist ).

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Most American agriculture is government subsidized. Removing those subsidies would fix a lot of America's problems (especially w.r.t. carbon footprints and water consumption). It'd also unfortunately be political suicide for anyone daring to attempt it.