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Former ag trade negotiator to share China insights at summit

Feedstuffs365 Former U.S. Trade Ambassador Gregg Doud is now Vice President of Global Situational Awareness & Chief Economist at Aimpoint Research. One of the primary architects of the U.S.-China Phase One deal will offer outlook on ag trade. What was it like to work with President Donald Trump and negotiate the U.S.-China trade deal that led to robust exports of corn and soybeans to the Middle Kingdom? Pull up a chair and listen in as Gregg Doud, former U.S. Trade Ambassador and one of the primary architects of the U.S.-China Phase One trade deal, shares his view of China and future ag exports at the upcoming Farm Futures Business Summit, June 16-17 at the Coralville Marriott Hotel and Conference Center near Iowa City.

2020 second highest year for U S ag exports

Last year was the second highest year for U.S. agricultural exports, according to USDA s Foreign Agricultural Service s (FAS) 2020 U.S. Agricultural Export Yearbook. Total exports were nearly $146 billion, an increase of approximately 7%. This is the second highest level on record, after 2014. FAS said the primary factor for the increase in exports was the increased shipments of soybeans, corn and pork to China. Soybeans were the United States number one agricultural export at $25.7 billion, an increase of 38% over 2019. Soybeans represented nearly 18% of total U.S. agricultural exports in 2020, with  China accounting for 55% of total soybean exports.  Corn exports were $9.2 billion, an increase of 20% over 2019, led by a $1.1 billion increase in exports to China.  Mexico and Japan were the top two markets. 

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