Exporters sold nearly 2.7 million tonnes of U.S. soybeans in the first half of this month for delivery to China, said the USDA on Thursday. A "significant" sale was reported on each of the 10 business days beginning on Sept. 3, said the Foreign Agricultural Service.
China has "really stepped up" its purchases of U.S. farm exports in recent weeks, said Agriculture Secretary Sonny Perdue on Monday, and he is hopeful of the sales bonanza promised in the "phase one" agreement that de-escalated the Sino-US trade war. "They are saying... the right things about their desire to fulfill their commitment. I'm hopeful they will."
China is stepping up its purchases of U.S. farm exports, but it will not meet the ambitious sales goals of the "phase one" agreement that de-escalated the Sino-U.S. trade war, said USDA data on Wednesday. In a quarterly forecast, USDA analysts said China, the farm sector's No. 1 customer before the trade war, will remain locked in third place as an export destination in 2021, behind Canada and Mexico.
In a speech at the Iowa State Fairgrounds, Vice President Mike Pence pointed on Thursday to China's promises to roughly double its purchases of U.S. farm exports as evidence that there is "no greater fighter on trade than President Donald Trump." The pledge was part of the "phase one" agreement that de-escalated the Sino-U.S. trade war and is scheduled for a six-month review by the two nations this weekend.
China bought $188 million worth of U.S. soybeans on Monday, continuing a string of purchases that began last week, as the world's two largest economies approach a six-month review of the "phase one" agreement that de-escalated the trade war.
President Trump is "going after China the wrong way" in a go-it-alone trade war that has damaged U.S. agriculture and manufacturing, said Joe Biden, the presumptive Democratic nominee for president, in an interview to be aired on Thursday.
China is far short of meeting its "phase one" commitment to buy huge amounts of U.S. food and ag exports, but Agriculture Secretary Sonny Perdue said, "We expect a big shipping season this fall." On Thursday, Chinese companies made one of the largest corn purchases in half a century of USDA records.
For the second day in a row, private exporters reported the sale of U.S.-grown soybeans for delivery to China, said the USDA on Tuesday. Since July 14, Chinese companies have purchased 1.3 million tonnes of American soybeans and 1.9 million tonnes of U.S. corn amid rising tensions between the …
Far behind on its “phase one” commitments with the United States, China bought 1.76 million tonnes of U.S. corn, its largest purchase ever of American corn and also the largest sale of U.S. corn to any buyer in three decades, said the USDA on Tuesday. It was the second major corn purchase by …