trade deficit

The USDA is out with the final Ag trade numbers from December, closing the books on 2022.  USDA’s Bart Kenner said December was a record December for exports $17 billion worth of sales.  He said that puts calendar year 2022 export sales at a record high $196 billion beating 2021's record by $20 billion, but he noted, “most of the gains in exports came from unit value increases from higher prices a

USDA is forecasting an agricultural trade deficit in 2023.  While deficits have happened in the past, the agency has never forecast one in advance until this year.  The agency says ag exports are projected to reach $190 billion next year, but imports are projected to rise to $199 billion.   Seth Meyer...

USDA’s preliminary fiscal year 2023 trade forecast is marked by huge uncertainty, according to Chief Economist Seth Meyer.  USDA’s initial export forecast for 2023 is down roughly $2.5 billion dollars on lower volumes of beef, cotton, and sorghum, while imports are up $5 billion dollars for a new record.  But Meyer said the ...

The USDA's current Ag export forecast for the current fiscal year, which comes to an end September 30th, calls for a record $191 billion of ag sales overseas. "Would be, if realized, an 11% over 202." So, are American producers going to hit that $191 billion mark...

The latest complete Ag trade numbers, which come from June, show the United States had a good export sales month.  USDA Economist Bart Kenner said export dollar value was very solid. "Agricultural exports for June '22, were $16.2 billion which was a 24% increase over June '21." ...

The USDA now has all of the trade numbers from Fiscal Year 2021. As the books closed at the end of September, numbers showed the U.S. exported just over $172 billion worth of Ag products. That's $32.5 billion more than in 2020. "A good increase and far and away a record," noted USDA economist and trade tracker, Bart Kenner ...

You may have heard that the United States racked up a record trade deficit in June. The U.S. purchased $75.7 billion more than was sold. It was the same general pattern when you look at food and agricultural products. "Another record month for agricultural imports," noted USDA Economist, Bart Kenner ...

According to the latest numbers from the USDA, the U.S. continues to enjoy an Ag trade surplus with other nations; but that surplus is shrinking. When comparing the first eight months of the current fiscal year with a year earlier, "exports are every so slightly down and imports are slightly up," noted USDA Economist, Mark Kenner. He... Read More ...

The latest trade numbers from the USDA show more American products were sold overseas during the first seven months of the current fiscal year. USDA Economist Trade Tacker, Bart Kenner said exports are up 1.1% to $81.9 billion. He noted from March to April a few products saw increased export sales, such as wheat, rice and corn ...

Vietnam is committing to buy $3 billion in U.S. farm goods to shrink the soaring trade surplus it has with America. Bloomberg says the Asian nation is looking to appease the Trump administration, which isn’t happy about the deficit. Vietnam is also looking to satisfy the complaints of U.S. co ...