Supply Chain Research

The Chinese government is set to rebuild its stockpile of cereal grains. That may help meet its purchasing commitments made to the U.S. as part of the two countries’ phase 1 trade deal signed in February and reduce the risk of a resurgence in the trade war. Chinese imports of agricultural products from the U.S. were worth $1.11 billion per month in January and February compared to a $2.79 billion run rate implied by its 2020 spending commitments. An expansion of U.S. exports could help cereal exporters including Archer Daniels Midland and Delong. U.S. exports of cereals dropped 12.3% yea...