Source: Jim Wiesemeyer, AGWEB, 11/6/19


U.S. ag exports miss USDA’s forecast for FY 2019. U.S. agriculture exports in September totaled $10.30 billion against imports of $10.08 billion for a monthly surplus of $219.8 million. That put U.S. ag exports for Fiscal Year (FY) 2019 at $135.57 billion against imports of $130.94 billion for a trade surplus of $4.63 billion. USDA’s forecast for exports was too robust at $137 billion while their import outlook was too conservative at $129 billion. 

For more of this story, click here.