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USDA's first 2023 agricultural trade outlook cut the forecast for US agricultural exports by $5.5 billion to $184.5 billion. Imports were unchanged at $199 billion, which would deepen the agricultural trade deficit to $14.5 billion.
The shift reflects softening global demand across commodities.
Weaker export demand reduces US farm commodity sales and may keep domestic supplies heavy. The effect on individual feed grain prices is likely modest.
agamerica.comShelby BassMar 3, 2023After 247 past report events, Rough Rice moved a median +0.0% over 5 sessions (51% higher; middle half -1.8% to +2.3%), and +0.9% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
