Marketmen said weak trend in global markets triggered offloading of positions by participants, leading to a fall in soybean prices in futures trade here.
Besides, muted spot demand and mounting stocks on persistent arrivals from growing regions, negatively impacted sentiments, they added.
At the National Commodity and Derivatives Exchange, soybean for delivery in August dipped by Rs 38, or 1.26 per cent, to Rs 2,974 per quintal, open interest stood at 69,600 lots.
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