Soybean Oil : Soybean oil is a vegetable oil extracted from the seeds of the soybean (Glycine max). It is one of the most widely consumed cooking oils. As a drying oil, processed soybean oil is also used as a base for printing inks (soy ink) and oil paints. Health benefits of soybean oil include its ability to manage heart health, improve immunity, reduce cognitive disorders like Alzheimer's disease.