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Outlook For U.S. Agricultural Exports

United States
Price Trend
Supply Yield / Stock Quantity
Jan 22, 2022
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Outlook For U.S. Ag ExportsFY 2022 U.S. grain and feed exports are forecast at $41.5 billion, down $300 million from the August forecast on lower corn, sorghum, and rice export values. Corn exports are forecast at $17.0 billion, down $100 million from the August forecast, due to lower unit values despite larger volumes. U.S. corn is expected to be competitive until new crop supplies from South America come onto the market in early 2022. Sorghum exports are forecast at $2.4 billion, down $100 million on lower unit values. Feed and fodder exports are unchanged at $8.3 billion. Wheat exports are forecast at $7.1 billion, unchanged from the August forecast. Higher unit values are offset by lower volumes (smaller production) and greater export competition. U.S. wheat prices are elevated due to a drought-impacted crop resulting in tight stocks for hard red winter, spring, durum, and white wheat, which are forecast at their lowest levels since 2007/08. Rice exports are forecast down $100 ...
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