Floods in China Drive US Agricultural Exports

Though U.S. agricultural exports to China fell one-third in May due to trade war tensions, exports have recently surged beyond expectation due to the flooding of 433 rivers across China. The U.S. Department of Agriculture reported that pork, corn, wheat, cotton, rice, sorghum, and soybean exports to China from July 10 to 16 reached $32.9 billion, the Phase I annual rate as negotiated in January by the Trump Administration.