China Buys More U.S. Corn and Cotton But Still Lags Deal Pledge

While U.S. shippers sent sizable orders of wheat, corn, cotton, pork and other agriculture goods to China in May, China would need to pick up the buying pace further to meet its trade-deal pledges.

Wheat and corn monthly shipments were each the largest in more than a year, according to U.S. government data, as Beijing seeks to meet buying targets laid out in the U.S.-China trade deal signed in January that promised $36.5 billion in purchases. Still, even with the boost in grain sales, China was on pace to buy only about $27 billion, according to the Peterson Institute for International Economics’ trade-deal tracker.