Higher corn sales have pushed the ag export forecast up by half a billion dollars since November.
These brand new numbers from USDA show that despite the gain, it is still below last year’s levels.
The Department predicts ag exports this year will be around $170 billion, which is up by half a billion since USDA’s November report, but down more than two percent from last year.
Corn exports came in higher than expected after higher volumes and unit values, and ag imports are projected at $220 million this year, a six percent jump over 2024.
Newly confirmed U.S. Trade Rep Jamieson Greer has said he will make enforcement a key tool in his trade agenda, hoping to level the playing field for U.S. producers.
Related Stories
Traders are watching for additional purchases despite continued weakness in Chinese demand.
Council leaders see new opportunities to create international demand for U.S. agriculture.
The latest Ag Economy Barometer for August shows a stronger financial outlook for producers, despite ongoing concerns about input costs.
The first grain vessel in six years is a key step for Churchill, but its long-term success depends on continued investment to integrate it into Canada’s agricultural export network.
The 15th Annual Women in Agribusiness Summit will take place later this month in New Orleans, bringing together women from across the agricultural industry to discuss markets, policy, technology, trade and the future of agriculture.
Industry leaders say protecting USMCA and access to the Canadian market remains a priority.
