China Sets Monthly Record For Purchases Of US Food & Ag
By Chuck Abbott
Successful Farming
Although it is likely to fall short of its “phase one” target, China purchased a record $4.8 billion of U.S. food, agricultural and seafood products during October, contributing to the surge in grain and soybean prices, analysts said on Monday. “The big question right now for the grain and oilseed markets is where China’s buying in future marketing years is headed,” said economist Scott Irwin of the University of Illinois.