China Buys 484 MB of Soybeans

$5.3 Billion Sale is Largest One-Time Purchase in History

China is the U.S.' top soybean export market and buys approximately 25% of the crop each year, or one of every four rows planted. The U.S. exported 62% of the crop in the last marketing year. (DTN/The Progressive Farmer file photo)
China agreed to purchase 13.1 million metric tons, or 484 million bushels, of U.S. soybeans worth $5.3 billion in a signing ceremony Thursday afternoon in Des Moines.

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