US soybean exports to China to reach new high

About 26 million tonnes of soybeans will be exported from the United States to China for the period from September 2013 to August 2014, U.S. Soybean Export Council said on Tuesday in Shanghai.

The amount will be a record for China's soybean imports from the U.S., the world's largest soybean producer.

Zhang Xiaoping, the council's chief representative in China, said the record demonstrated China's strong buying power.

During the period, China will import nearly 70 million tonnes of soybeans while producing 15 million tonnes domestically.

Soybeans yield a bigger sum than any other commodity exported from the U.S. to China.