McLean County Farm Bureau

TAIWAN PLANS TO BUY $2.2 BILLION IN ILLINOIS CORN, SOYBEANS –

Taiwan plans to buy $2.2 billion worth of corn and soybeans from Illinois in the next two years, which is welcome news to farmers hurting from the trade war with China. Taiwanese buyers signed letters of intent with Illinois crop marketers, according to a statement from Gov. J.B. Pritzker on Tuesday. There are two agreements for $1.1 billion apiece to buy corn and soy in 2020 and 2021. The deal is more than double Taiwan’s purchases in recent years. (Crain’s Chicago Business)