Soy, Corn Rise as US Says China to Buy More American Crops

Soybean and corn futures gained as US Trade Representative Jamieson Greer said China will make large purchases of American agricultural products, with President Donald Trump also emphasizing that the nation will look at “a lot of soybeans for our farmers.”

China will make “double-digit billion” purchases of American farm goods annually over the next three years after Trump’s visit to Beijing, Greer said Friday in a Bloomberg Television interview with Annmarie Hordern. Trump said on Fox News that the country will be buying a lot of American farm products.