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
Justin Tupper with the U.S. Cattlemen’s Association joins us to discuss the USDA’s voluntary labeling updates, industry priorities, and the outlook for U.S. cattle producers.
For agriculture, the meeting is seen as a potential turning point, with markets watching closely for any signals on trade, exports, and future purchasing commitments.
As farmers and ranchers navigate rising input costs, lawmakers are considering a roughly $15 billion aid package to help, which would be tied to the spending bill for the war with Iran.
Lower costs improve competitiveness, but demand remains uncertain.
Corn and soybean shipments continue to move at a steady pace as spring trade flows develop.
Herd growth and exports supporting dairy outlook.
