Ag Exports Trailed To Wrap Up 2017
U.S. Agriculture export sales began to trail of toward the end of 2017. But for all of calendar 2017,
"You end up with $138.4 Billion worth of agricultural exports," said agriculture economist Bryce Cook.
That figure is up $3.7 Billion dollars or about 23% compared to 2016. Cook said while exports were slowing down at the end of the year, imports were picking up, setting a record of $121 Billion.
"The trade surplus was down $2.9 Billion to a surplus of about $17.4 Billion,"
Taking a look at some of the U.S. export products, soy bean exports fell by 4% in volume, 5% in value.
"Also, corn was down slightly, at 5% in volume terms, 8% in value."
Some products did make gains during 2017.
"Wheat increased 14% in both value and volume."
Cotton shipments were up 32%, with value rising 47%.