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 ...

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