China corn purchase spurs optimism for future trade

The USDA announced Friday that China is making a significant purchase of U.S. corn after years of deteriorating trade, spurring hope that the trade talks between the two countries are producing real progress that could have lasting effects. The USDA’s Foreign Agricultural Service announced Friday morning an export sale of 300,000 metric tons of U.S. corn to China and U.S. Grains Council President and CEO Tom Sleight says he hopes it’s a sign that the two countries are working out their biotech regulatory concerns.