Futures contract of soybean traded down for the seventh consecutive trading day on the NCDEX taking cues from the spot market where poor demand for soyoil and soymeal pulled down prices of the oilseed. The demand from oil millers and crushing units fell after concerns over lower export following a firm rupee against the dollar. The most-active June contract of soybean traded down 1.1% from the previous close. For the week, futures contracts of soybean are likely to rise initially due to short covering. The gains are unlikely to sustain and the contract may witness a downward trend later.