American soybean farmers got some rare good news on Wednesday just hours before a high-stakes meeting between Chinese President Xi Jinping and US President Donald Trump when news broke that Beijing had placed its first order after months of trade tension that saw shipments blocked. The Trump administration hailed the move as a “positive step…
MAGNOLIA, Ky. (AP) — The leafy soybean plants reach Caleb Ragland’s thighs and are ripe for harvest, but the Kentucky farmer is deeply worried. He doesn’t know where he and others like him will sell their crop because China has stopped buying. Beijing, which traditionally has snapped up at least a quarter of all soybeans…
China’s top envoy in Washington has rejected suggestions that Chinese ownership of US farmland is a national security threat, saying such claims are “completely unfounded”. Addressing a soybean industry event in Washington on Friday, Xie Feng, the Chinese ambassador to the United States, said Chinese investors owned less than 0.03 per cent of the total…