The most active No.1 soybean contract for January 2024 delivery dipped 70 yuan (about 9.84 U.S. dollars) to close at 4,890 yuan per tonne.
On Wednesday, the total trading volume of six listed No.1 soybean futures contracts on the exchange was 170,433 lots, with a turnover of about 8.35 billion yuan.
China is the world's largest soybean importer.
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