Former U.S. Trade Negotiator Says High Commodity Prices May Stay Through 2022

The U.S. has set a record for all-time ag export highs to China throughout the last nine months, inching toward the promised spend of $40 billion in 2021. U.S. trade and Gregg Doud, former U.S. agricultural trade negotiator, says year-end numbers will likely come very close to reaching the figure, building strength for U.S commodity prices with China. With $360 billion worth of tariffs due from China on Jan. 1, 2022, Doud is predicting additional deals and conversations will likely occur to offset some of those costs. See how China’s demands for feed versus protein compared.