Last week, the lack of demand during the week led to a decline of ₹70 per quintal. Despite this, a significant increase was observed at the beginning of the season. Seasonal Impact: Above-average rainfall in August and September in soybean-producing states has posed a threat to crops. In Rajasthan, Madhya Pradesh, and Maharashtra, waterlogging in fields has caused significant damage to crops. New Crop Arrival: The arrival of the new crop in the markets has begun. Increased moisture in old stock has strengthened its demand. Import and Local Demand: After a reduction in oil imports in August, September is also expected to see lower import levels. The decreased supply of imported oils is boosting local demand for soybeans for crushing. Additionally, plants are stocking up in anticipation of festive demand. Price Trends: As anticipated, there has been a rise of ₹400-450 per quintal in soybean prices at the start of the season. The productivity of soybeans in September will depend on rainfall conditions. If heavy rains occur in the next 10-15 days, there could be substantial damage to the crop and delays in harvesting. Price Corrections: After a sharp rise, there might be some profit-taking in soybeans, leading to a potential decline of ₹150-200 per quintal. This season, the trading range for soybean plant delivery prices could be between ₹4300-5000 per quintal. Long-Term Outlook: From a long-term perspective, there may be opportunities to buy soybean after a price decline. Despite fluctuations in prices over the past week, the current situation and future rainfall predictions indicate possible price corrections. However, there are buying opportunities expected after any decline in prices.