China will need to import 2 million tons of U.S. corn by next year even though the country expects a record harvest this year, said the U.S. Grains Council.
U.S. agriculture had the led the country’s exporting charge, with American farmers on target to send $135.5 billion of their products abroad this year. That’s 17 percent higher than in 2012, and at a value nearly double of exports in the last five years.