Soybean at the benchmark Indore markets are trading at Rs 3,671 per quintal
Corn also edged higher as rain delays to harvesting were also forecast in parts of the US Midwest
Soyabean is trading at Rs 2,986 a quintal in the Indore markets
India's domestic consumption of soyabean is 5 million tonnes and this year total production is estimated to touch 6.5 million tonnes
Scenario grim for this year's crop due to monsoon delay; farmers await even distribution of rains to start sowing
According to Soybean Processors Association, this year, Soybean production is expected to be lower at 69.29 lakh tonnes than earlier estimate of 74 lakh tonnes