trade surplus

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'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 ...

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 ...

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 ...

USDA released an updated trade forecast last week, and the projection is agricultural exports this fiscal year for most products down from their last forecast three months ago, but they are still higher than last year. "U.S. exports of agricultural products are estimated for fiscal 2020 at $136 ...

Back in 2014 the U.S. farm industry enjoyed an Ag trade surplus of $43 billion.  But, by 2018 that surplus had dropped to $16 billion, and then during fiscal year 2019 the surplus dipped again, down to $4.6 billion according to USDA Chief Economist Rob Johansson.  ...

The USDA projects the fiscal year 2019 U.S. agricultural trade balance to fall to $5.2 billion.  USDA’s Economic Research Service projects exports at $134.5 billion, and imports at $129.3 billion, leaving a $5.2 billion surplus, the lowest since fiscal year 2006.  Unlike o...

The latest Ag trade figures from October to April are out.  USDA Trade Economist, Cameron Daugherty, says the theme during that time period is exports are down, imports are up.  Exports of American Ag products so far total $81.2 billion, which is down 6.5% from t...

USDA has cut its export forecasts for several crops, but how much of those cuts come from trade disruptions vs. other factors?  The Gary Crawford spoke with USDA’ chief economist Rob Johansson.       If you have a story idea for the Washington Ag Network, call (509) 547-1618, or e-mail gvaagen@cherrycreekradio.com...

U.S. farmers are watching their trade surplus with other countries get smaller and smaller and the new USDA trade forecast for this fiscal year shows that surplus shrinking at a faster pace, than had been projected back in February.  U.S. A...