Pro Farmer Editors
January trade data showed that U.S. agriculture managed to still post a $1.4 billion surplus for the month, but that is behind the $2.7 billion surplus seen a year ago.
USDA said that U.S. ag exports in January had a total value of $7.755 billion against imports of $6.351 billion for a trade surplus of $1.404 billion. Those figures for Jan. 2008 were exports valued at $9.345 billion against imports of $6.635 billion for a surplus of $2.701 billion.
For the fiscal year to date, (Oct.-Jan.), the trade black ink is put at $9.687 billion compared to $12.154 billion for the same period a year ago.