Mumbai, Oct 09 - Domestic guar futures traded rangebound Monday in a highly speculative early hour trade. Market participants, however, say the outlook is bearish as rising fresh crop arrival is seen to peak further in upcoming trades. Also, speculations of a larger-than-expected crop for the next season point towards likelihood of added pressure on prices, they added.

Benchmark November guar seeds traded Rs. seven lower at Rs. 1,666 per quintal at 11.19 hrs IST on NCDEX after resuming trade Re. one higher at Rs. 1,674 per quintal.

Initial gains of Rs. three for the October futures also got erased as the contract slipped to Rs. 1,637 per quintal in subsequent deals after noting movements in range Rs. 1,633-1,646 per quintal.

December futures, however, moved a tad higher to Rs. 1,698 per quintal, up Re. one from previous close.

Total volume traded for Oct/Nov/Dec contracts has been 1,580/14,240/11,550 tonnes.

Trade participants say the weight of rising arrival in physical markets is pressing the futures down. New crop supplies have constantly hovered in range of 35,000-45,000 bags at local markets in Rajasthan and Haryana over last few sessions.Also, talks that next season guar seed output may exceed one-crore bags are also seen to make a bearish impact on prices.

The estimates are highly ambitious considering a relatively extended dry spell in main growing areas, noted trade participants.

The market is also closely monitoring the outcome of European Union inspection team's visit to the country. The team is expected to assess India's preparation to get rid of dioxin, the controversial substance whose higher levels in guar gum of Indian origin led to cancellation of shipments to EU member nations last August.

In early trade today, guar gum futures also showed up tight range fluctuations. Most-active November guar gum futures extended the soft start to move Rs. 11 lower at Rs. 4,244 per quintal. December contract was also down Rs. five at Rs. 4,318 per quintal. Volume traded for the two contracts, in order of months, has been 240 and 170 tonnes.