US Exports

Speaker1: We now have the complete ag export numbers for May, just over $17 billion worth of ag products in May, not the biggest U.S. export month ever… but it was the highest May on record. Speaker1: We'll take that. USDA economist and trade tracker Bart Kenner says May's number takes total U.S. ag exports for the first eight months of this fiscal year, up to…. 136.5 billion, up 12% from the same time last year. A quick look at some commodities, how they're doing, Kenner says during the first eight months of the fiscal year….. Exports of wheat were 4.8 billion, up 7% from this time last year. Exports of corn were 14.1 billion, up 15%. Soybean exports were 26.8 billion, up 15%.

But while our export dollar values are up, actual volume of shipments is down. Corn down 8%, soybeans five, cotton down 12%. Wheat shipments down by 25%. When it comes to sales of U.S. ag products to foreign customers, the Agriculture Department says for the first eight months of this fiscal year, October through May… exports so far are 136.5 billion. So with four months to go in the fiscal year, we've racked up 136 and a half billion dollars in export sales, and USDA has been forecasting that for the entire 2022 fiscal year, we could rack up a record $191 billion of export.