China pledges to boost purchases of U.S. soybeans; numbers still lag

Chinese imports of U.S. soybeans are expected to “continue to increase” as part of the U.S.-China phase-one agreement, according to a Chinese Ministry of Agriculture official, as reported sales of U.S. crops to China have risen in August. “With the implementation of the first phase of the Sino-U.S. economic and trade agreement, soybean imports from the United States are expected to continue to increase,” the official said during a Ministry of Agriculture press conference on Wednesday. “It is expected that...