India's soybean yield for the 2023-24 marketing year may be lower than expected due to a deficit in rainfall, according to a survey by S&P Global Commodity Insights. The drought-like conditions have led analysts to predict slightly lower soybean production at 12.1 million tonnes, down from 13.1 million tonnes in the previous year. The decline in soil moisture caused by the lack of rainfall is expected to put pressure on India's soybean crop, which is the world's fifth-largest.