You hear so many things about soy products now days, it gets confusing. I
 found this article that explains and agrees with a lot other articles I
 have read, this one is from Dr. Neal Barnard. 
If you buy soy products, look for organic products and as with everything, moderation is the key.

 
     Soy products are remarkably versatile. Manufacturers have found 
ways to turn them into soymilk, veggie burgers, hot dogs, ice cream, 
yogurt--you name it. One day, they'll probably turn soy into snow tires.
 
Because soy products are so widely consumed, some people have raised 
the question as to whether they are safe. The biggest question mark was 
whether they affect the risk of breast cancer and, for women who have 
been diagnosed with breast cancer, whether they would help or harm their
 chances for survival. 
After years of research, science is weighing in. Here is what the studies show: 
Cancer Prevention and Survival 
Women who include soy products in their routines are less likely to 
develop breast cancer, compared with other women. In January 2008, 
researchers at the University of Southern California found that women 
averaging one cup of soymilk or about one-half cup of tofu daily have 
about a 30 percent less risk of developing breast cancer, compared with 
women who have little or no soy products in their diets (1). However, to
 be effective, the soy consumption may have to occur early in life, as 
breast tissue is forming during adolescence (2-3). 
What about women who have already been diagnosed with breast cancer? A study published in the Journal of the American Medical Association
 in 2009 shows that soy products may reduce the risk of recurrence (4). 
In a group of 5,042 women previously diagnosed with breast cancer who 
were participating in the Shanghai Breast Cancer Survival Study over a 
four-year period, those who regularly consumed soy products, such as 
soymilk, tofu, or edamame, had a 32 percent lower risk of recurrence and
 a 29 percent decreased risk of death, compared with women who consumed 
little or no soy. An accompanying editorial suggested that 
inconsistencies in prior research may be attributable to the 
comparatively low soy consumption in the United States, making 
beneficial effects harder to identify (5). 
Why should soy products reduce cancer risk? Most research has zeroed 
in on phytoestrogens found in soybeans (phyto means "plant"). These 
compounds are in some ways similar to the estrogens (female sex 
hormones) in a woman's bloodstream, but are much weaker. Some have 
suggested that phytoestrogens attach to the estrogen receptors in a 
woman's body, blocking her natural estrogens from being able to attach 
and stopping estrogen's cancer-inducing effects. 
By analogy, the estrogens in a woman's body are like jumbo jets that 
have landed at an airport. Phytoestrogens are like small private planes 
that are occupying the Jetways, blocking the jumbo jets from attaching. 
This explanation is probably overly simplistic, but it may serve to 
illustrate how soy's weak hormonal compounds can have beneficial 
effects. 
Fibroids
Soy products may reduce the risk of fibroids, knots of muscle tissue 
that form within the thin muscle layer that lies beneath the uterine 
lining. A study of Japanese women found that the more soy women ate, the
 less likely they were to need a hysterectomy, suggesting that fibroids 
were less frequent (6). In a study of women in Washington State, soy did
 not seem to help or hurt, perhaps because American women eat very 
little soy, compared with their Japanese counterparts (7). What did have
 a big effect in this study were lignans, a type of phytoestrogens found
 in flaxseed and whole grains. The women consuming the highest amounts 
of these foods has less than half the risk of fibroids, compared with 
the women who generally skipped these foods. So, again, phytoestrogens 
seem beneficial, countering the effects of a woman's natural estrogens, 
although in this case the benefit comes from foods other than soy.  
Soy and Male Hormones 
How about men? Although compounds in soy products have been likened 
to very weak female hormones, they have no adverse effects on men and 
may actually help them prevent cancer. A meta-analysis to be published 
in Fertility and Sterility, based on more than 50 treatment 
groups, showed that neither soy foods nor isoflavone supplements from 
soy affect testosterone levels in men (8). An analysis of 14 studies, 
published in the American Journal of Clinical Nutrition showed 
that increased intake of soy resulted in a 26 percent reduction in 
prostate cancer risk (9). Researchers found a 30 percent risk reduction 
with nonfermented soy products such as soy milk and tofu.
Thyroid Health
Clinical studies show that soy products do not cause hypothyroidism (10). However, 
soy isoflavones may take up some of the iodine that the body would 
normally use to make thyroid hormone (11). The same is true of fiber 
supplements and some medications. In theory, then, people who consume 
soy might need slightly more iodine in their diets (iodine is found in 
many plant foods, and especially in seaweed and iodized salt.) Also, a 
note for people with hypothyroidism: Soy products may reduce the 
absorption of medicines used to treat the condition (10). People who use
 these medicines should check with their healthcare providers to see if 
their doses need to be adjusted. 
Other Health Effects
Soy products appear to reduce low density lipoprotein ("bad") 
cholesterol (12). They may also reduce the risk of osteoporosis-related 
hip fractures. In a study published in the American Journal of Epidemiology, women who consumed at least one-fourth cup of tofu per day averaged a 30 percent reduction in fracture risk (13).  
Protein: A Little Goes a Long Way   
Many soy products are high in protein. Manufacturers have exploited 
this fact, packing isolated soy protein into shakes and turning it into 
meat substitutes. But some have raised the concern that pushing protein 
intake too high--from any source--might not be wise. The concern is that
 an overly high protein intake may boost the amount of insulin-like 
growth factor (IGF-I) in the bloodstream (14), a phenomenon known to 
occur with cow's milk (15). High IGF-I levels are linked to higher 
cancer risk. Some reassurance comes from the fact that soy intake is 
linked to lower, not higher, cancer risk, and simple soy products, such 
as tempeh, edamame, or soynuts, are unlikely to affect IGF-I levels, in 
any case.  
In summary, evidence to date is reassuring. Soy products may reduce 
the risk of breast cancer and breast cancer recurrence. They do not 
appear to have adverse effects on male hormone function or on the 
thyroid gland, but may reduce the absorption of thyroid medications. 
Having said that, soy products are certainly not essential. Many 
people who start a healthful vegan diet, as I and many other doctors 
recommend, seem to feel they must have soy products. But the fact is, a 
vegan diet can follow a Mediterranean tradition, focusing on vegetables,
 fruits, beans and pasta. Or it might follow a Latin American tradition 
of beans, rice, and corn tortillas. Soy products come from an Asian 
tradition with many healthful delights and the most enviable health 
statistics on record. So soy is handy, but it is certainly not 
essential. If you choose to include soy products in your routine, you'll
 have science on your side.
http://www.huffingtonpost.com/neal-barnard-md/settling-the-soy-controve_b_453966.html