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China increasing its purchases of U.S. ag commodities

TAGS: Markets
MarianVejcik/iStock/Thinkstock US and China flag mashup
Purchases of soybeans, corn, wheat and cotton nearly triple from year ago levels.

Agricultural exports to China for the timeframe of October 2019 through February 2020 were estimated at $7.2 billion, up from $3.1 billion during the same time period the year prior, according to Bart Kenner U.S. Department of Agriculture trade economist. This is seen as a positive indication of China beginning to ramp up its purchases of U.S. agricultural products in an effort to meet its Phase One agreement commitments.

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