USDA: Exports And Imports Up In FY 2020

USDA's Ag export forecast issued last month projects that during the 2020 fiscal year, which began in October, U.S. Ag exports will report a 3% year over year increase. Meanwhile, Ag imports will be up about 1%.

Which is almost right on the money there for what the fiscal year to date is looking like."

USDA Economist, Bart Kenner, said when you compared the first four months of this fiscal year, compared to last, exports are up about 2.5%."

He noted soybeans was a big reason for this year's increased.

"China's playing a big part there. Soybean exports to China were up 530%"

And technically the Phase One trade deal has no kicked in at this point. On the down side, however,  U.S. corn exports to all nations are running half what they were this time a year ago.