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.
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President Donald Trump says a deal is nearly done on lowering beef prices, but he has not released details.
Large carryover stocks continue to put pressure on commodity prices, creating uncertainty for growers looking to market their grain.
Peel says Mexico has a much greater capability to expand its beef industry than it did 20 or 30 years ago in terms of its feeding and packing infrastructure.
The impacts of the government shutdown have reached commodity growers with crops to move, ag economists monitoring the harvest without key data reporting, and meat producers in need of new export markets.
In a statement provided to RFD-TV News, a USDA spokesperson reiterated President Trump and the USDA’s commitment to farmers in difficult economic times.
China is not one of our top suppliers of cooking oil, according to USDA ERS data, but does export a lot of used cooking oil to the U.S. for biofuel production.
