This article has been excerpted from a May 30 News releases from The Western Producer
American agricultural exports for fiscal 2014 will reach a record $149.5 billion, the U.S. Department of Agriculture said on Thursday, higher than its earlier forecast of $142.6 billion and up six percent on the year.
The forecast for the U.S. agricultural trade surplus in fiscal 2014 is up $6.3 billion from the February estimate to $39 billion, its second highest ever. The fiscal year started on Oct. 1 and will end on Sept. 30.
U.S. agricultural imports for the fiscal year are forecast at $110.5 billion, up slightly from the February estimate and 6.4 percent above fiscal 2013.
It would be a second straight of record U.S. agricultural exports, which last year totaled $140.9 billion
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