It’s unlikely that exports will beat records again this year

Agricultural exports will likely not set a record this year, coming off a good year last year. Right now, imports are running much higher. USDA economist Bart Kenner breaks it down.

“Agricultural exports for the fiscal year to date October through February were $84.3 billion, up 1 percent from the same time last year, and agricultural imports were $81.3 billion, up 8 percent from this time last year for a trade balance of $3.1 billion, down 65 percent from the same period in 2022.”

Among those declining exports, corn is down significantly, 31 percent from this time last year.

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