Ag Export Numbers Ahead of Last Year

Ag export values have declined for the most recent three month stretch, but the signs are not all negative.

USDA Trade Economist Bryce Cooke said you have to consider the time of year.

“The declines that have happened I wouldn’t say are necessarily out of line with what traditionally takes place based on the seasonal output.”

Winter is a normal drop in ag exports for the fiscal year, so this dip happens every year.

Cooke said for this fiscal year, ag exports are up 14 percent when compared to last year and a lot of commodities are up in major ways.

“Corn up 60 percent in value terms. Wheat 23 percent and cotton 108 percent.”

Volumes are up as well. The U.S. is currently exporting about $13 billion worth of agriculture per month.