Feb. 17 (Bloomberg) -- China, the world’s largest soybean importer, agreed to buy a total of 13.4 million tons (492.3 million bushels) of the oilseed in contracts signed this week in Iowa and California, the U.S. Soybean Export Council said.
The 21 contracts, signed with U.S. companies including Archer Daniels Midland Co. and Cargill Inc., coincided with Chinese Vice President Xi Jinping’s visit to Des Moines and Los Angeles, the Council said in an e-mailed statement. The sales are valued at $6.7 billion, according to the statement.
--Editors: Steve Stroth, Millie Munshi
To contact the reporter on this story: Whitney McFerron in Chicago at firstname.lastname@example.org
To contact the editor responsible for this story: Steve Stroth at email@example.com