India Soybean seen falling as sowing gains pace.

Futures contracts of all components of the edible oil basket, barring soybean, are seen rising on domestic exchanges. Soybean futures on the National Commodity and Derivatives Exchange are likely to fall due to a rise in sowing with the progress of the monsoon. Expected weakness in soybean futures on the Chicago Board of Trade may further weigh on prices on the Indian exchange. On the US bourse, soybean prices may fall due to strained ties between Washington D.C. and Beijing, and because the US Department of Agriculture gave a good rating for crop condition.