NEWS
China Commits to Buy $2.8B in U.S. Soy
Katie Micik DTN Markets Editor
Mon Sep 16, 2013 07:00 PM CDT

DAVENPORT, Iowa (DTN) -- Eight Chinese crushing companies signed contracts to purchase 177.4 million bushels of U.S. soybeans valued at $2.8 billion at a contract signing ceremony here Monday.

Some of the sales over 100,000 metric tons will be reported to USDA and listed later this week.

"About every fourth row of my crop is exported to China, the number one destination for all of American soybean exports," said Randy Mann, an Auburn, Ky., farmer and chairman of the U.S. Soybean Export Council. "This is something U.S. soybean farmers take great pride in. We are not just suppliers to China, ...

Quick View
  • Dodge Down Corn Conditions have been right for stalk rot and ear molds in corn in many parts of the Midwest this ...
  • Cows That Last If you've priced replacement heifers lately, or even just added up all the costs of raising your ...
  • Chrysler: What's New for 2015 Here's something you don't want to do at a media event for seasoned automotive journalists from a...
  • Farm Investors Welcome Why own farms when you can own shares in a farmland pool? The advent of agriculture's first real ...
  • Rents Resist Price Relief Growers in bellwether corn states expect to make money on bushels -- not price -- in 2014, farm m...
  • GE Critics Range as Skeptics An ad-hoc committee of 18 scientists is tasked by the National Research Council with examining th...
  • Ask the Taxman by Andy Biebl CPA Andy Biebl helps readers wrestle with reality of health insurance costs, congressional inacti...
  • Ag Innovation Showcase At the sixth annual Ag Innovation Showcase in St. Louis this week, start-ups in search of investo...
  • Ask the Vet At what age should a cow be culled?
Related News Stories
Juggling the Bean Harvest
Exporters Report Soybean Sale
Exporters Report Soybean Sale
China Buys 4.8 MMT of Soybeans
August Soybean Crush Likely Lower
Exporters Report Soybean Sales
Exporters Report Soybean Sale
Exporters Report Soybean Sale
Brazil Soy Exports Down
Exporters Report Soybean Sale