China is at 70 percent of its ag good obligation

The U.S. Trade Representatives released a progress report on U.S. China Trade. It show high marks for U.S. ag.

To date, China has purchased $23 billion dollars of American ag goods. That is 70 percent of its target. Analyst attribute the trend to record buys of soybeans and corn in recent months. Plus, China implemented nearly all of its technical commitments.

Some experts are still skeptical China can meet its commitments because of COVID lockdowns. However, USDA expects China will buy a record amount of farm goods by the end of the year.


Now is the time to sell soybeans to China.