NEWS
Record High U.S. Exports
Fri Nov 30, 2012 03:43 PM CST

WASHINGTON (Dow Jones) -- The U.S. Department of Agriculture Thursday raised its forecast for the value of agricultural exports in the 2013 fiscal year to $145 billion, which would be a record high.

Stronger-than-expected soybean shipments -- especially to China -- and record-high prices are responsible for much of the increase, according to USDA economists.

U.S. exporters now are expected to ship $22.5 billion worth of soybeans in 2013, up from $19.9 billion in the USDA's August forecast and $19.8 billion in fiscal 2012.

"Demand for products like American soybeans, wheat and tree nuts is surging across the world, with ...

Quick View
  • Stay on Top of SDS The distinctive yellow patches of sudden death syndrome (SDS) are surfacing in soybean fields acr...
  • Cattle Market There may be a little less bull in this fall's calf market, but the fundamentals still spell oppo...
  • Precision Ag Potential Pending Precision agriculture proponents insist the industry can revolutionize agriculture, but first mor...
  • Cash Rent Reset - 2 Iowa farmland owners Fred and Lodean Cook may consider flexible cash leases for the first time th...
  • Iowa Land Gets a Bounce Key Midwest land values are stuck in neutral or sliding below 2014 levels, recently released opin...
  • Canadian Dairy Conundrum Coping with Canada's dairy industry import tariffs and supply controls remains one of the stickin...
  • Senior Partners - 5 This fatherly financial advice is meant to prevent heartaches should the farm economy suffer anot...
  • Ask the Taxman by Andy Biebl CPA Andy Biebl answers readers' questions on depreciation recapture, defining a "true" lease and ...
  • Ask the Vet Does my calf have a hernia and is it repairable?
Related News Stories
Informa Soy Outlook Bearish
USDA Weekly Crop Progress
APHIS Sued Over GE Crop Info
Another View
USDA Weekly Crop Progress
Newsom On the Market
USDA Disaster Declarations
USDA Reports Flash
USDA Reports Summary
USDA Reports Preview