At the National Commodity and Derivative Exchange, soybean for delivery for this month contracts fell by Rs 54 or 1.74 per cent at Rs 3,053 per quintal, having an open interest of 8,990 lots.
Second contract November month delivery also dropped Rs 3,089 per quintal, in an open interest of 1,20,540 lots.
Marketmen said reducing of exposure by speculators coupled with weak global cues, mainly attributed to the fall in soybean futures prices in futures trade.