FY 2016 U.S. Ag Export Trade Surplus Lowest Since 2006

Despite the recent good news on the rising prices for soybeans and corn, overall USDA is projecting the lowest U.S. agricultural trade balance in more than a decade in 2016.

According to last month’s Outlook for U.S. Agricultural Trade, the value of U.S. agricultural exports is forecast at $124.5 billion for fiscal year (FY) 2016 (ending Sept. 30), down $15.2 billion from FY2015 and the second consecutive decline since a record $152.3 billion in agricultural…

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