Exports

With the magic of radio, there are lots of ways to show just how the new fiscal year, the trade year that started in October has begun for U.S. ag exports: Two consecutive months of record setting exports to start off this fiscal year. Speaker1: Agriculture Department economist and trade tracker Bart Kenner. Now he's not talking about record exports just for any November, but records for any month. Any month ever. The latest complete trade numbers are for November, so we have the figures for the first two months of the fiscal year and already Speaker2: We've got $36 billion in exports Speaker1: 17 and a half billion, October, $18 and a half in November to meet the USDA's FY22 forecast of 177 and a half billion dollars, we'd need to average only about $14 billion a month for the rest of the year. We're certainly well on the way starting this year with a bang. It takes a while to gather global trade numbers, so we only have complete numbers for the first 11 months of calendar year 2021. And according to USDA economist Bart Kenner. Speaker2: Agricultural exports through November of 2021 were one hundred and sixty point six billion dollars, a 20 percent increase from 2020. Kenner says for the first 11 months of last year, wheat exports were running six percent ahead of the same time frame in 2020. And even more impressive exports Speaker2: Of corn were seventeen point four billion, up one hundred and ten percent. Soybean exports were twenty three point one billion, up 11 percent, Speaker1: But cotton sales were down about four percent. Nonetheless, a record pace for total U.S. exports at over 160 and a half billion dollars.