# Ag trade deficit to grow in FY25, as Chinese market shrinks  | Agri-Pulse Communications, Inc.

> USDA's quarterly outlook projects the US agricultural trade deficit will grow to $42.5 billion in FY25, with exports falling $4 billion to $169.5 billion. Exports to China are forecast to drop $3 billion to $24 billion, mainly due to lower soybean and coarse grain sales.

- Date: 2024-08-28 · published 2024-08-28T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/14730-ag-trade-deficit-to-grow-in-fy25-as-chinese-market-shrinks-agri-pulse
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Projected lower US export volumes to China, especially soybeans and sorghum, signal weaker demand that pressures US feed grain and oilseed prices.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- SORGHUM: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2021-06-10 | [Minor changes in June WASDE, traders turn attention to dry weather  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/46507-minor-changes-in-june-wasde-traders-turn-attention-to-dry-weather-agri-pulse.md) | -7.3% | -11.0% |
| SOY | 2019-11-08 | [Nation's corn crop is shrinking \| 2019-11-08  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/56017-nation-s-corn-crop-is-shrinking-2019-11-08-agri-pulse-communications-inc.md) | -2.7% | -3.8% |
| SOY | 2025-04-16 | [Slowing biofuel demand weighs on veg oil markets \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/15126-slowing-biofuel-demand-weighs-on-veg-oil-markets-agri-pulse-communications-inc.md) | +0.4% | +3.0% |
| SOY | 2026-01-13 | [Daybreak Jan. 13: Soybean growers let down by crop report \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/21078-daybreak-jan-13-soybean-growers-let-down-by-crop-report-agri-pulse.md) | +1.9% | +8.7% |
| SOY | 2021-03-09 | [Corn, soy, wheat ending stocks hold steady for March \| 2021-03-09  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/48068-corn-soy-wheat-ending-stocks-hold-steady-for-march-2021-03-09-agri-pulse.md) | -1.3% | -1.3% |
| CORN | 2019-03-08 | [Trade turns to weather as potential market mover \| 2019-03-08 \| Agri-Pulse \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/60044-trade-turns-to-weather-as-potential-market-mover-2019-03-08-agri-pulse-agri.md) | +0.8% | +0.8% |
| CORN | 2023-05-31 | [USDA lowers ag trade forecast for FY 2023 \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/5571-usda-lowers-ag-trade-forecast-for-fy-2023-agri-pulse-communications-inc.md) | -1.8% | +0.1% |
| CORN | 2020-05-12 | [Corn ending stocks grow but not like traders expected \| 2020-05-12  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/53059-corn-ending-stocks-grow-but-not-like-traders-expected-2020-05-12-agri-pulse.md) | +0.6% | +4.2% |

## Sources

- agri-pulse.com: https://www.agri-pulse.com/articles/21556-ag-trade-deficit-to-grow-in-fy25-as-chinese-market-shrinks

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.