For the first time since 2017, China has signed purchase agreements to buy U.S. farm commodities. The non-binding contracts were signed at the China-U.S. Sustainable Agricultural Trade Forum in Des Moines. Eleven grain companies, including ADM, Cargill and Bunge, signed the agreements. There are no formal sales associated with this paperwork, but a promise China will purchase U.S. commodities.
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.