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)
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