USDA Says 2021 Farm Exports to China Will Touch Record High

Up $4.5 billion from November figure to $31.5 billion
Cites surging first quarter shipments, particularly corn

Soybeans are unloaded from a grain wagon during harvest in Wyanet, Illinois.Photographer: Daniel Acker/Bloomberg

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By Mike Dorning

February 18, 2021 at 7:28 PM UTC

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The value of U.S. farm exports to China will touch $31.5 billion in the federal fiscal year ending Sept. 30, the highest ever, the U.S. Agriculture Department said Thursday in a report.

The department raised its estimate 17% from November, citing a surge in shipments and sales in the quarter from October through December, most notably in corn.