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Soyabean oil is a popular vegetable oil that is valued for its affordability, high smoke point and health benefits. Soybean oil is extracted from the soybean. It often has a dark yellow or faint green color. Standard vegetable oil is often composed of soybean oil. Soybean oil accounts for 80% of all commercial oil used in the United States. This is a good all around oil that can be used for baking, cooking and frying. Soybean oil is made by extracting oils from the soybean. This is done by cracking the beans and then heating the beans to remove any unnecessary moisture. Next, the beans are sliced and then rolled to extract the oil. Often, commercial brands mix soybean oil with other cheaper oils to make it more affordable.