📈 Soybean Market Overview

The soybean market is currently experiencing significant fluctuations, influenced by a variety of global factors. Recent data indicates a sharp decline in India's soybean imports for the 2024–25 oil year, with projections falling from 625,000 tonnes to just 100,000 tonnes. This drastic reduction is attributed to sluggish demand and a limited appetite for imports, as reported by the Soyabean Oil Processors Association (SOPA).

In the US, soybean prices have shown a slight increase, moving from $0.34 to $0.36 per bushel. Conversely, prices in India have risen more notably from $0.73 to $0.75, reflecting tighter domestic supplies. Meanwhile, prices in Ukraine have slightly decreased from $0.38 to $0.37, and China has seen a reduction in both organic and non-organic soybean prices.

📊 Current Soybean Prices and Trends

📉 Market Drivers and Insights

• Significant reduction in Indian import forecasts due to weak demand.
• USDA reports and global production estimates continue to influence market sentiment.
• Weather conditions in major producing regions like the US and Brazil are critical for upcoming harvests.

🌦️ Weather Forecast and Its Impact

Current weather patterns suggest favorable conditions in the US Midwest, which could lead to an abundant soybean harvest. However, Brazil faces dry conditions that might affect yield negatively.

🔮 3-Day Price Forecast

Given the current market conditions and upcoming weather forecasts, prices in the US are expected to remain stable, while potential stress from dry weather in Brazil might push prices slightly higher.