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CBOT old-crop soybean contracts end lower after USDA cuts crush forecast

CHICAGO, June 10 (Reuters) - U.S. soybean futures ended mixed on Thursday, with old-crop contracts falling after the U.S. Department of Agriculture (USDA) unexpectedly cut its processor demand outlook in a monthly report. * New-crop futures were higher as tight supplies and concerns about hot and dry U.S. crop weather supported prices. * CBOT July soybeans ended down 18-1/2 cents at $15.44 a bushel. New-crop November futures were up 11-1/4 cents at $14.59-1/2 a bushel. * CBOT July soymeal was $4.80 lower at $381.60 a ton and CBOT July soyoil was 0.13 cent lower at 71.46 cents per lb. * In a monthly supply-and-demand report on Thursday, the USDA lifted its end-of-season stocks outlook after cutting demand from the processing sector. The agency's 2020/21 season ending stocks outlook, however, remained at the lowest in seven years. * In a separate report on Thursday, the USDA said a net 120,700 tonnes of U.S. soybeans were sold for export in the week ended June 3, in line with trade forecasts. * Brazil's CONAB slightly raised its soy harvest outlook for the country. (Reporting by Karl Plumeand Richard Chang)

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