China’s purchases of American ag goods continues to look strong
Even though China’s import numbers are down overall, they are still buying a lot of U.S. goods.
Data published by the U.S. Census Bureau showed that China spent $17.5 billion dollars between January and June on U.S. goods. That is a 15 percent increase from last year’s record for the period.
Soybean exports accounted for 29 percent of those exports at more than $5 billion dollars. Corn shipments were valued at more than $3 billion dollars. Cotton cargo totaled nearly $2 billion dollars.