In the past week, soybean prices in Solapur, Maharashtra saw a slight decline. The market opened on Monday at 4530 per quintal and closed on Saturday at 4520 � registering a modest 10 per quintal drop. The market witnessed steady demand, but higher supply continued to pressure prices. While demand remained stable throughout the week, supply outpaced it, keeping soybean prices under pressure. NAFED has sold approximately 2.70 lakh tonnes of its soybean stock so far. However, the organization is reluctant to sell at lower prices, which has prevented a major price fall in the market. In April 2025, India�s soymeal exports rose by 15.50% year-on-year, reaching 2.30 lakh tonnes. The growth was driven primarily by the US-China tariff conflict, prompting importers to turn to India. Despite strong export figures, domestic soybean prices remained largely unaffected due to ample local supply. Given the current supply-demand equation, a significant price rally in the near term appears unlikely. Prices are currently hovering near the 4500 support level at the Maharashtra Kirti plant. If this support breaks, prices may decline further to the 4350�4400 range per quintal. However, a fall below this range is considered less likely. The direction of soybean prices through the end of July will heavily depend on monsoon progress and farmers� interest in sowing. Stockists are advised to adopt a "wait and watch" approach until the end of July. A good recovery in prices is expected between August and October, offering a better opportunity to make purchases.