U.S. Secretary of State Mike Pompeo has said a trade deal with China is close but “has got to be right”, while speaking to farmers in Iowa. While having been somewhat iconic in discussions about the trade war arguably the impact on the state as a whole is likely to be minimal. Exports to China only represent 4.4% of the state’s $14.35 billion total exports in the 12 months to Nov. 30. There have been pockets of declining exports with meat shipments, including pork, down 30.7% year over year in the 12 months to Nov. 30 and cereals including wheat falling 77.8%. Shipments of soybeans meanw...