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 ...