Report Summary 1. Report Industry Investment Rating - No investment rating information is provided in the report. 2. Core Viewpoints - Argentina's 2024/25 soybean production is expected to be 4,890 tons, slightly lower than the previous forecast due to excessive rainfall in March. Future dry weather should facilitate early harvesting [1]. - India's palm oil imports increased in March but remained below normal for four consecutive months. The premium of palm oil over soybean oil led refiners to increase soybean oil purchases. Palm oil imports may increase from May and significantly rise from July when it becomes more price - competitive [1]. 3. Summary by Relevant Content Argentina Soybean Production - A commodity research report estimates Argentina's 2024/25 soybean production at 4,890 tons, with a forecast range of 4,680 - 5,110 tons. The USDA predicts 4,900 tons, the Buenos Aires Grain Exchange predicts 4,860 tons, and the Rosario Grain Exchange predicts 4,650 tons [1]. - Excessive rainfall in March in Argentina's main Pampas region, especially in Buenos Aires and the western region, negatively affected yield potential as it occurred during the critical grain - filling period. Future dry weather will aid early harvesting [1]. - Argentina's Ministry of Agriculture and the Buenos Aires Grain Bureau will release the first soybean harvest progress report on April 4 [1]. India's Vegetable Oil Imports - India's palm oil imports in March increased by 13.2% month - on - month to 423,000 tons but were still below normal. The average monthly import in the market year ending in October 2024 was over 750,000 tons [1]. - India's soybean oil imports in March jumped 24% month - on - month to 352,000 tons, while sunflower oil imports dropped 15.5% to 193,000 tons, the lowest in six months [1]. - The increase in palm oil and soybean oil imports raised India's total edible oil imports in March to 968,000 tons, a 9.3% month - on - month increase. Imports in February hit a four - year low [1]. Spot Prices - Spot prices of various oilseeds and oils in different regions from March 27 to April 2 were presented, including prices of soybean meal in Jiangsu, rapeseed meal in Guangdong, soybean oil in Jiangsu, palm oil in Guangzhou, and rapeseed oil in Jiangsu [1].