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China wants 80 MMT of soybeans, 30 MMT of corn

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In just five years’ time, China wants to increase its annual imports of soybeans and corn to 80 MMT and 30 MMT, respectively. For perspective, China’s soybean imports in 2008 were 30 MMT, a figure which doubled only last year. Those numbers may seem high, but Iowa Ag Secretary Bill Northey says they’re not only possible – they’re necessary.

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