China, the world's biggest soybean importer and consumer, has signed 21 purchasing agreements in Chicago over the past two days for U.S. supplies valued at $6.68 billion, the U.S. Soybean Export Council said.
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Gov. Mark Dayton and state agriculture officials met with a delegation from China Wednesday, to discuss the future of Minnesota soybean exports to China.
Minnesota's first new agriculture
commissioner in 15 years doesn't expect major policy changes in his
department even as the state struggles to plug a $6.2 billion hole
in its next budget.
The nation's biggest farm lobbying group supports
a balanced budget. It's against tax increases and says the federal
government needs to tighten its belt.
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New figures released by the U.S. Department of Agriculture
Wednesday say Minnesota farmers grew an estimated 1.29 billion
bushels of corn, up 4 percent from last year's record.
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Cargill posted sharply higher quarterly earnings, helped by strong growth from The Mosaic Co. Cargill spun off the fertilizer maker several years ago, but retains a 64 percent stake.
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