China expected to purchase $14 billion in agriculture products from U.S. in 2020

The USDA has increased its forecast of ag products to be purchased by China this year to $14 billion, which is slightly more than previously predicted.

However, it is still less than the $40 billion China committed to in Phase One of the trade agreement with the United States.

Chief Economist for the USDA Rob Johannson says they expect a larger share of pork exports to China, which lost a quarter of its pig supply last year.

Additionally, soybean prices are expected to climb as relations with regular trade partners return to normal.