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Argentina was offering cheaper supplies than US shippers for prompt loadings in the global market, limiting demand for US soymeal.
A soymeal broker in Iowa said few buyers were purchasing supplies even as Chicago Board of Trade soymeal futures fell sharply.
CBOT soymeal for December delivery eased $5.90 to $306.80 a ton at 12:37 pm. CDT (1737 GMT), weighed down by lower soymeal prices in China and ahead of a bumper US soy harvest.