A recent CoBank report expects ag export volumes to China to fall next year but says overall value could rise.
USDA is projecting $39 billion of ag exports to China in 2022, up $2 billion from this year’s estimated total expecting higher soybean prices. But CoBank’s Knowledge Exchange Director, Rob Fox, tells Brownfield any guess is likely to be wrong.
“China definitely needs our agricultural products, and they will continue to import – I would anticipate – at a pretty good clip,” he said.
