By Jacqui Fatka
Farm Progress
The China Phase 1 deal is helping re-establish agricultural export trade flows to the once favored destination for U.S. commodities, according to a panel who presented at the Commodity Futures Trading Commission Ag Advisory Marketing meeting on June 9.
During a panel discussion offering perspectives on the pandemic, recovery and importance, David Rossen, global hedging manager – cotton at Louis Dreyfus, says the trade war and tariffs created a situation where China looked to alternative suppliers of grain from South America or the Black Sea, and U.S. export values and overall volumes plummeted.