Some good news for some Kentucky farmers.

The Trump administration says it's reached a deal with China that will allow U.S.

soybean exports to resume.

China stopped buying U.S.

soybeans earlier in the year because of new U.S.

tariffs against China that hurt soybean farmers across America, including right here in Kentucky.

According to the Secretary of Treasury, Scott Bezzant, China will buy 12 million metric tons of soybeans from the U.S.

between now and January and 25 million a year after that.

According to the Reuters news service, the U.S.

exported about 27 million metric tons of soybeans to China in 2020.

For Caleb, Ragland is president of the American Soybean Association and lives in LaRue County and Kentucky.

He says while the U.S.

and China may not always agree politically, the two countries need each other economically.

It's very positive news.

We still are waiting on many details that are still unknown, but the initial reaction is we have commitments to buy similar amounts, tonnage wise, of what's been used the last three years by by the Chinese.

And, as our biggest export partner.

Them being gone from the market the last few months has been a major obstacle for our industry and knows that then coming back is exciting.

We still have to get the details figured out and we had to have follow through.

This is a commitment.

We don't have cash on the barrel head yet and we haven't made the delivery.

So once those things take place over the next few weeks and months, it will be even more excitement.

But it's very positive.

President Donald Trump said he could formally sign a trade deal with China, quote, pretty soon.

End quote.