News Snapshot:
(Bloomberg) -- The value of U.S. farm exports to China will touch $31.5 billion in the federal fiscal year ending Sept. 30, the highest ever, the U.S. Agriculture Department said Thursday in a report. The department raised its estimate 17% from November, citing a surge in shipments and sales in the quarter from October through December, most notably in corn. “We see new opportunities around the globe, and we expect better sales almost everywhere we turn,” Jason Hafemeister, a USDA trade official, said in a presentation Thursday. “Look at China just blowing off the chart.” China has been scooping up...
