With Trump in Beijing, there is going to a lot of focus on potential Chinese commitments to purchase US agricultural products.
For context, the ‘Phase One’ trade agreement was signed in January 2020, and China was going to buy at least $40b in US agriculture products. This didn’t happen and was never going to happen.
To reach this dollar value, China would have had to increase purchases of US grains, oilseeds, and meat. Or phrased another way, buy the feedstock to make meat, but also buy meat.
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