Global food markets are in the midst of an exceptionally eventful period in terms of both scale and scope. The recently reached US-China “phase-one” trade and investment agreement has fuelled expectations of a resumption of large US exports of agricultural products to China. However, continued geopolitical tensions and the rapid spread of a new coronavirus may impact many markets, agriculture included. For AMIS crops, global markets are likely to endure even more uncertainty because of unpredictable climatic conditions and extreme weather.