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Taiwan Agrees To Purchase Illinois Corn, Soybeans

Taiwanese officials are looking to import more Illinois corn and soybeans over the next two years.  They signed letters of intent yesterday, agreeing to buy up to 59-million bushels of corn.  That could pump nearly 400-million dollars into the pockets of Illinois corn producers.  Taiwan will also buy up to 14-million bushels of soybeans from the state.  That equates to an additional 182-million dollars for Illinois.  This year Taiwan is the sixth-largest export market for U.S. agricultural products and the fifth-largest market for U.S. corn and soybeans.

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