Soybean Oil is a popular vegetable oil that is valued for its affordability, high smoke point and health benefits.Soybean Oil contains no cholesterol, which makes it a perfect choice for individuals with heart disease or high cholesterol. One tablespoon of Soybean Oil provides you with 6% of your daily recommended value of Vitamin-E. Soybeans naturally contain antioxidants, which remain in the oil even after it is pressed. These antioxidants help prevent the damage caused by free radicals, which may help prevent certain cancers.