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Taiwan Buys $2 Billion In Iowa Grain

Sep 18, 2017 at 10:17 AM CST

In the last ten years there have been many visits between Taiwan and Iowa on the topic of trade.

In a signing ceremony on September 15, Taiwanese delegates committed to buying Iowa corn and soybeans. The letter of intent signed says Taiwan will buy 5 million metric tons (200 million bushels) of corn and half a million metric tons of Distillers Dried Grains and Solubles between 2018 and 2019, worth combined $1.05 billion.