China's strong demand for soybeans, wheat, corn, other feeds, cotton, cattle hides, tree nuts, and other horticulture products are behind this recent surge. Nevertheless, the combined Canadian and Mexican share of U.S. exports remains strong at around 28 percent. East Asia's combined share is now averaging 34 percent, with Japan, South Korea, Taiwan, and Hong Kong rank as the fourth through seventh largest purchasers of U.S. agricultural exports.
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