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Deals to boost Illinois soybean sales to China

China’s growing appetite for Illinois soybeans was on display Thursday at a ceremonial signing of purchase agreements that could trigger as much as $450 million in Illinois soy sales to Chinese companies this year.

The potential sales represent a hefty slice of business for Illinois farms and soy operations, which have seen agricultural exports to China grow in recent years to more than $500 million annually, from $149 million in 2007, according to data from Gov. Pat Quinn’s office. Get the full story »