The U.S. exported $14.38 billion in ag goods during April against imports of $16.28 billion, resulting in a deficit of $1.90 billion versus a deficit of $1.83 billion in March. Through the first seven months of fiscal year (FY) 2023, U.S. ag exports totaled $114.56 billion against imports of $115.22 billion for a deficit of $660 million. That marked the first time with red ink in FY 2023, as the U.S. had an ag surplus of $1.24 billion through the first half of the fiscal year. USDA forecasts FY 2023 ag trade exports at $181.0 billion and imports at $198.0 billion, which would suggest a deficit of $17.0 billion.
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