The U.S. government said on Friday China would buy an additional $32 billion in ...
CHICAGO - The U.S. government said on Friday China would buy an additional $32 billion in U.S. farm goods over the next two years as part of an initial trade deal.
FILE PHOTO: Soybeans in a field on Hodgen Farm in Roachdale, Indiana, U.S. November 8, 2019. Picture taken November 8, 2019. REUTERS/Bryan Woolston China gave no firm commitment on an amount of U.S. goods, but said it may buy more wheat, rice and corn — goods it has not traditionally bought. Soybeans made up more than half of China’s agriculture purchases from the United States in 2017, at about $12.2 billion.China bought about 60% of all exports of U.S. soybeans, the main U.S. export crop by value, before the trade war. Since the current marketing year started on Sept.
Reporting by Tom Polansek, Julie Ingwersen, Rajesh Kumar Singh, Mark Weinraub; Writing by Caroline Stauffer; Editing by Leslie Adler
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