China’s Demand for U.S. Grains Is Bright Spot in Jittery Market
This article is for subscribers only.
China’s voracious appetite for American farm products might be a rare source of comfort for uneasy investors looking at commodity markets battered by resurgent Covid infections and stronger dollar.
Soybean sales were the highest since January for the week ending in Aug. 12, with China purchasing over 1.1 million tons and total sales at about 2.2 million tons. U.S. wheat exports to China were the most since April at 197,400 tons. China also boosted its cotton purchases to an eight-month high.