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On June 14, according to media reports, the Chicago Board of Trade (CBOT) soybean futures market closed up on Tuesday, with the benchmark period closing up about 1.90%, the highest point in a month. Uncertainty about the weather situation in China has triggered short covering.
An analyst said that although it is the beginning of the growing season, the good-to-excellent rate of soybeans in the United States has dropped by three points, which is supportive for soybean prices.
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