Outlook for U.S. Agricultural Trade: February 2012

by Nora Brooks

Fiscal 2012 agricultural exports are forecast at $131 billion, down $1 billion from the November forecast and $6.4 billion below fiscal 2011. Compared to last year, grain and feed exports are forecast down $3.9 billion with wheat, corn, rice, and feeds all lowered, due to competition especially from the Black Sea region. Oilseed and product exports are down $4.2 billion, mostly due to strong early-season shipments from South America. Cotton exports are forecast down $2.7 billion due to lower U.S. supplies and falling prices. Record horticultural exports are forecast at $28 billion, $2.1 billion above 2011. The forecast for livestock, poultry and dairy is up $1.9 billion.

Keywords: Agricultural trade, U.S. exports, U.S. imports, year-to-date, fiscal year, by commodity, by country, value, volume, analysis, FATUS

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