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On May 24th, according to foreign media reports, the soybean meal futures market of the Chicago Board of Trade (CBOT) closed down on Tuesday, with the benchmark futures contract falling 1.41% due to the bright prospects for U.S. soybean production. The most active July contract traded between $405.90 and $413.30. The latest data released earlier today by the European Commission showed that EU soybean meal imports for the 2022/23 season were 14.09 million tonnes as of May 21st, lower than the same period last year. Iran purchased 260,000 tons of soybean meal through an international tender that ended on Monday. The soybean meal may come from Argentina or Brazil and will be shipped in June and July.
