China Making Large US Grain Purchases

source: UPI

China in the last week made several large purchases of American grain, sparking hope in the farming sector that the nation intends to make good on its promise to buy billions of dollars worth of U.S. agricultural products this year, industry groups say.

"It is great to see China back in the market," Ryan LeGrand, president and CEO of U.S. Grains Council (USGC), toldUPI. "We hope it is the start of many more purchases."

Chinese buyers ordered more than 750,000 metric tons of American corn Thursday and about 1 million metric tons of sorghum earlier in the week, LeGrand said.