USDA says U.S. agricultural exports are projected to total $134.5 billion for 2019. Imports are forecasted to be $129.3 billion. That equates to a more than $5 billion surplus for the year, which is the lowest since 2006.
As for export value, that's being revised down by $2.5 billion. The decline is primarily due to lower expectations for corn and soybean exports. Looking ahead to 2020, experts say projections suggest a small recovery in the ag trade balance to $8 billion.
This all unfolds as trade remains in the news.
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