The ag trade numbers are in for the first 10 months of the fiscal year which began last October.
The USDA shows ag product exports are up more than 14 percent from last year, with wheat exports up 8 percent and corn 11 percent higher than this time a year ago. Bart Kenner with the USDA says some products are soaring beyond where they were a year ago.
“We’ve got a 25 percent increase in dairy exports by value. Vegetable oil exports were up 30 percent from last year. The distilled spirits exports were up 23 percent,” said Kenner.
Kenner says ethanol exports have soared recently as well, climbing more than 70 percent, which is much higher than this time last year.
Related:
Soybean exports to have a strong start this year, but it’s not the same for overall exports
Red meat exports broke records in May and it is not coming from just one market
Exports are on track to shatter records, but imports are creeping behind
