The US government said on Friday China would buy an additional $32 billion in US farm goods over the next two years as part of an initial trade deal.
Soybeans in a field on Hodgen Farm in Roachdale, Indiana, US November 8, 2019. Picture taken November 8, 2019.
China gave no firm commitment on an amount of US 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 US soybeans, the main US export crop by value, before the trade war. Since the current marketing year started on Sept. 1, China has purchased about 10 million tonnes of soybeans worth some $3.
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