China Buys U.S. Soybeans

When the United States and China Signed a Plan of Strategic Cooperation last week, Chinese importers signed multiple contracts with American farmers to purchase 4.31-billion dollars worth of U.S. soybeans. The commitments total more than 8.62-million metric tons, or 317-million bushels, of soybeans. Additional commitments are expected.

American Soybean Association President Steve Wellman, who watched as the agreements were signed, says – the Chinese purchases definitely add value to U.S. farmers' soybeans. They also reinforce the benefits of international market development, including ASA's investment of cost-share funds provided by the Foreign Agricultural Service, which began 30 years ago in China, and by soybean farmer checkoff funds. is dedicated to serving the agricultural industry in the Carolinas and Virginia with the latest ag news, exclusive regional weather station readings, and key crop market information. The website is a companion of the Southern Farm Network, provider of daily agricultural radio programming to the Carolinas since 1974. presents radio programs, interviews and news relevant to crop and livestock production and research throughout the mid-Atlantic agricultural community.