trade surplus

U.S. Ag Exports Expected To Pass Forecast
U.S. Ag Exports Expected To Pass Forecast
U.S. Ag Exports Expected To Pass Forecast
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...
Trade Update Shows Rising U.S. Export
Trade Update Shows Rising U.S. Export
Trade Update Shows Rising U.S. Export
On the trade front, the USDA is out with the latest numbers for the first eleven months of calendar year 2021. "Agricultural exports through November of 2021 were $160.6 billion; a 20% increase from 2020," noted USDA economist, Bart Kenner, adding for the first eleven months of last year, wheat exports were running 16% ahead of the same time frame in 2020, and even more impressive: &quo
FY21 A Good One For Ag Exports
FY21 A Good One For Ag Exports
FY21 A Good One For Ag Exports
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 ...
Ag Trade Deficit Climbing, Says USDA
Ag Trade Deficit Climbing, Says USDA
Ag Trade Deficit Climbing, Says USDA
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 ...
Senate Ag Committee Plans Moffitt Nomination Hearing
Senate Ag Committee Plans Moffitt Nomination Hearing
Senate Ag Committee Plans Moffitt Nomination Hearing
On Thursday, the Senate Agriculture Consider will consider the nomination of Jennifer Moffitt to a Department of Agriculture post. President Joe Biden nominated Moffit as undersecretary for Marketing and Regulatory Programs at USDA. Committee Chair Debbie Stabenow and Ranking Member John Boozman announced the hearing, set for Thursday morning ...
China’s Protein Demand Could Benefit U.S. Producers
China’s Protein Demand Could Benefit U.S. Producers
China’s Protein Demand Could Benefit U.S. Producers
A significant international development that could have a big impact on American farmers is China's strong demand for protein.  Fred Gale, with USDA's ERS, said importing meat to China has kind of taken everyone by surprise. "Back in 2010 we projected that China would be importing roughly one million tons of meat by now.  An ...
USDA Predicting Large Surplus In FY21
USDA Predicting Large Surplus In FY21
USDA Predicting Large Surplus In FY21
USDA's new trade forecast for Fiscal year 2021 is for a $16 billion increase in agricultural exports compared to this last season, possibly up to a $152 billion of exports. In addition, "We are seeing an increase in exports of agricultural goods as well," noted USDA's Chief Economist, Rob Johannson ...
Ag Trade Surplus Remains, But Shrinking
Ag Trade Surplus Remains, But Shrinking
Ag Trade Surplus Remains, But Shrinking
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 ...
April Exports Numbers Look Good
April Exports Numbers Look Good
April Exports Numbers Look Good
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 ...

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