A new USDA ag trade forecast is on the way

The markets will soon have a new record on ag exports, which are down around 7 percent from this time last year.

It leaves them hovering around $140 billion. The most recent forecast from May shows we could end the fiscal year at just over $180 billion. Even then, that is an 8 percent decline from last year.

Economists at USDA place the fall on competitiveness and a cooling global economy. The new forecast comes out o9n the last day of August, and the markets will be closely following the results.