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On June 12, according to media reports, as of the week of June 9, 2023, CBOT soybean meal futures fell for the fourth consecutive week, and the benchmark period fell by about 0.15%, mainly due to the arbitrage pressure of funds buying soybean oil and selling soybean meal.
The U.S. Department of Agriculture raised U.S. soybean meal production in its supply and demand report, which also put some pressure on soybean meal.
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