Last week, in Solapur, Maharashtra, soybean opened at ₹4600 per quintal on Monday and closed at ₹4590 per quintal on Saturday evening. Due to weak demand throughout the week, soybean prices saw a decline of ₹10 per quintal. With the new crop arriving soon, there is limited expectation for a price increase in soybean. Globally, the expectation of increased soybean production has led to continued price declines in both domestic and international markets. Following reports of increased soybean production in the U.S., CBOT soybean prices have reached record lows. In India, favorable weather conditions have resulted in good crop conditions for soybean in most regions, though heavy rains in some districts of Rajasthan and Maharashtra have led to waterlogging in fields. Due to favorable weather and adequate stock, soybean prices fell by an average of ₹10-50 per quintal last week. Currently, the increase in soybean oil imports from abroad and sluggish local demand for soybean meal mean that there is no immediate prospect for a price rise in soybeans. Weather remains the primary factor that could support soybean prices. The months of August and September are crucial for the development of the soybean crop. If excessive rain occurs, it could damage the crop, potentially providing some support for soybean prices, but a sustainable increase remains unlikely. Expectations for a rise in soybean prices are projected to begin from late September to December. After hitting a low at the end of September, soybean prices are expected to increase by an average of ₹200-300 per quintal.