The U.S. exported $17.61 billion of ag goods against imports of $17.63 billion in April for a deficit of $19.3 million. Through the first seven months of fiscal year (FY) 2022, ag exports reached $119.4 billion against imports of $110.5 billion for a surplus of nearly $9 billion. USDA forecasts FY 2022 ag exports at $191 billion and imports at $180.5 billion, which would leave a surplus of $10.5 billion. To get to those levels, exports would have to average $14.3 billion and imports would have to average $14.0 billion over the final five months of FY 2022.
U.S. had Small Ag Trade Deficit in April
The U.S. exported $17.61 billion of ag goods against imports of $17.63 billion . . .
(Farm Journal)
Related Stories
Boots-on-the-ground reports from Iowa to Ohio reveal mounting disease pressure, flood-driven replanting in Indiana and a growing need for rain.
Adjusting for inflation, the average size of farm operating loans during 2025 was 30% larger than the prior year.
While producers were aggressive sellers of soybeans last fall, they remained reluctant to move corn or wheat.
Read Next
Tapped by Secretary Rollins, Kip Tom is building a faster, satellite-driven replacement for NASS’s aging survey system, one he says could turn monthly reports into biweekly ones by year’s end for multiple crops.
Commodity Market Futures
Futures prices on grains, livestock, oil and more
Farm Journal TV
Trusted ag insights and real stories from rural America. Start your free trial today.
Pro Farmer
Join Pro Farmer today to access trusted market intelligence and expert analysis that help you make more confident decisions.
