U.S. Agricultural Global Trade Update and 2021 Outlook

The current state of the global food and agricultural trade economy.

Since Phase One of the U.S.-China trade agreement was passed at the start of 2020, quite a bit has happened in the world. The accelerated progression of current events this year makes it challenging to stay on top of the latest news for U.S. agriculture—but particularly challenging to stay informed on the varying agricultural trade agreements and the progress that has been made for U.S. ag exports.

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How is COVID-19 Affecting the Agricultural Industry?

The COVID-19 pandemic is slowing global agricultural trade while also driving interest rates down.

In these uncertain times, navigating the challenges that have a lasting impact on your operation can be difficult. While much of the world is slowing down and responding to COVID-19 (coronavirus), farmers and ranchers continue to work, ensuring our nation’s food security.

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How the U.S.-China Trade Deal Impacts American Agriculture

The U.S. and China trade deal marks the beginning of a major shift in the global market of agriculture.

Phase one of the U.S.-China trade deal was officially signed last week by President Trump and China’s Vice Premier Liu He. While some view this signing as a small step for U.S. and China’s trade relations, it’s a step nonetheless towards resolving an 18-month long economic conflict between these two global economic powerhouses. In this article we will discuss the following: 

  • How and why a trade war between the U.S. and China occurred; 
  • What significant changes happened in the signing of phase one;
  • How it affects U.S. agriculture and commodities; and
  • Predictions on what to expect next. 

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