China likely to speed up buying of U.S. farm goods - COFCO executive
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BEIJING (Reuters) - China is likely to speed up the buying of U.S. farm goods and will implement the phase 1 trade deal with the United States, an executive at state-owned agriculture trading house COFCO said at an online industry conference on Thursday. Soybeans are the top U.S. agriculture export to China.However, rising Chinese soybean inventories in the coming months and falling crush margins could make buying U.S. beans unfavourable, said Zhang Hua, vice general manager of China, COFCO..