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
NCBA is focused on hours-of-service regulations and support for increased truck weight limits, which would allow haulers to move more cattle with fewer trucks.
Dr. Gary Schnitkey from the University of Illinois discusses farmers’ sentiment toward industry consolidation, especially in the fertilizer sector, where costs remain historically high.
Weak cold chain performance can lead to slower movement, higher costs, and greater product loss after harvest or processing.
USDA says total grain inspected for export reached 2.81 million metric tons for the week ending June 11.
The dairy industry is encouraged by potential H-2A reforms while supporting renewal of the USMCA.
Experts note that economic growth, fuel demand, and energy diversification are opening new opportunities for U.S. grain and ethanol exports in Southeast Asia.
