Harvest is underway, marking the second year for farmers bringing in crops with uncertain export opportunities.
U.S. Commerce Department data shows agricultural exports are nearly $8 billion dollars behind pre-trade war levels. Sales to China represent the bulk of the loss coming in at $6.7 billion dollars. Soybean stocks have also doubled from last year to a record high level. With negotiations underway, some optimism has come in the form of renewed soybean and pork purchases from China.
