China Signs Commitment for $1.8 Billion Soybean Purchase

September 2, 2016 11:48 AM

The start of a new marketing year began Sept. 1, and the 2016-2017 season begins with good news for soybean growers. 

According to the U.S. Soybean Export Council, China is committing to buy $1.8 billion worth of U.S. soybeans in the coming months.

Last year, soybean growers sold a record amount to China, nearly $28 billion worth.

Economists expect the number to be greater this year.

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