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China to Speed U.S. Farm Purchases After Secretive Hawaii Talks

  • China will speed up imports of soy, corn, ethanol, people said
  • Plan offers relief to market concerned about trade disruptions
Corn Harvest As Futures For Delivery Gain
Photographer: Daniel Acker/Bloomberg
Updated on

China plans to accelerate purchases of American farm goods to comply with the phase one trade deal with the U.S. following talks in Hawaii this week.

The world’s top soybean importer intends to increase buying everything from soybeans to corn and ethanol after purchases fell behind due to the coronavirus, said two people familiar with the matter, who asked not to be named because the information is private. A separate person said China’s government has asked state-owned buyers to make efforts to meet the phase one pact.