Source: OXFORD EAGLE, 7/23/22

For both U.S. and Mississippi farmers, China is the primary export market for their crops and current forecasts anticipate record sales – if conditions in the forecast models hold. That’s a big “if.” The most recent U.S. Department of Agriculture forecasts from the quarterly “Outlook for U.S. Agricultural Trade” from the agency’s Foreign Agricultural Service and their Economic Research Service predict overall U.S. agricultural exports Fiscal Year 2022 exports of $191 billion (a $7.5 billion hike) with increases expected in corn, cotton and soybeans.

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