China’s import appetite expected to relieve U.S. farmers of trade war hit (Financial Times)

Financial Times (UK) published an article on U.S.-China trade. China’s agricultural imports are expected to further support U.S. farmers who had to survive on governmental assistance due to the trade war between the world’s two largest economies and the COVID-19 pandemic. This year’s forecasters expect healthy crops, so farmers can enjoy the benefits of selling soybeans for $15 or more per bushel and corn for $6 or more per bushel, prices of which approached record highs this spring. Senior research fellow Joseph Glauber stated, I don’t think this is a temporary phenomenon.  I think China will continue to be a very strong importer.” Republished in CGTN (China), and  Fry Electronics.