Fiscal year off to a great start with exports ahead of schedule
U.S. ag exports from October through February are 26 percent ahead of schedule. That is a great start to the fiscal year.
USDA economist Bart Kenner says that it is also unusual.
“If anything, this may be a little bit later than some years, as far as when we start to see that dip,” Kenner explains.
Ag exports normally peak in November and start to decline in December and January. The late-season purchases by China and the delayed harvest in South America have both supported the later export sales.
Comparing just the month of February to last year, exports are actually lower by 15 percent.