Indian soybean acreage expected to rise on higher prices, weak monsoon outlook

Indian farmers are planting more soybeans this year. Higher prices for soybeans are making them more profitable than corn. Forecasts of less rain also favor soybeans, which need less water than sugarcane and corn. This shift could boost India's soybean production and reduce the need for imported edible oils. Farmers are anticipating a good season for the oilseed crop.