The USDA is calling for ag exports to increase by nearly eight percent for the 2021 fiscal year largely because of Chinese demand.
USDA’s November ag export forecast increased by $11.5 billion from August to $152 billion. If realized it would be the second-highest export total on record with China accounting for most of the increase, driven by record soybean and near-record corn export values.
The agency says overall major agricultural bulk commodity exports are forecast to increase 24 percent from the previous projection.
