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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Higher domestic rail tariffs and mixed capacity shifts will influence grain movement this harvest. Strong corn exports provide momentum, but logistics costs remain a critical factor.
Malone, Senior Director of Trade Execution at Bunge, emphasized the importance of spaces where women can engage in meaningful conversations about global trade, supply chains, and leadership opportunities.
“Those could’ve easily been our beans going over there. It goes to show that if that opportunity is there, China would be willing to buy.”
We caught up with Karen Braun, Chief Market Analyst at Zaner Ag Hedge, at the Women in Agribusiness to discuss the data behind commodity trading.
