Soybean output estimate in India for 2017-18 (Jul-Jun) has been revised downward to 8.0 mln tn currently from the previous estimate of 8.5 mln tn. Several indicators showed that actual supply of soybean is lower than thought of before in India. This is also reflected in some recent appreciation in domestic prices. The crop is also way lower than last year’s production of 10.5 mln tn. Argentina, the world’s third largest grower, is constantly facing dry weather conditions, which may take a toll on the soybean crop from the beginning.