Near-record U.S. Ag exports seen with China back as top customer (Agriculture Online)

Agriculture Online published an article on how exports from the U.S. are rising as China has returned as a top purchaser. China was forecast to import a record $27 billion in fiscal 2021, ending the agricultural estrangement of the trade war and regaining its rank as the top foreign market for American farm products. Senior Research Fellow Joseph Glauber said, “I think the fact is that China needs soybeans and grain. They have rebuilt their swine population a lot faster than many of us had predicted. The United States has been a big beneficiary, particularly in recent months with problems in the Black Sea (region), the China trade dispute with Australia, and concerns about South American crops.”