2019 Ag Exports Down, But Early 2020 Numbers Encouraging

When taking a look at 2019 Ag exports, it should come as no surprise that many commodities saw a year over year decrease.

“Agricultural exports were at $136 billion that's a 2% decrease from calendar year 2018,” said USDA Analyst Bart Kenner.  He added despite the difficulties and the tariffs on soybeans, those beans did remarkably well in value terms compared to 2018.

“Soybean exporter were up 9% Soybeans to china actually increased over the last year.”

Kenner added in volume terms the increase over 2018 was 174%.

Meanwhile the value of corn to all nations dropped by almost 40%, cotton by 6%, and wheat exports up by 15%.  However, if you take the first three months of the 2020 fiscal year, which started back in October, total American Ag exports are up 3% year-over-year.

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