NCDEX soybean down on CBOT cues, ample supply

Futures contracts of soybean extended losses on NCDEX tracking a fall in the soybean and soyoil contracts on the CBOT. The most active December contract of soybean on NCDEX traded down 0.5% from the previous close. Soy contracts on CBOT fell due to easing of concerns over dry weather in major producer Argentina.