# Understanding the Growing U.S. Agricultural Trade Deficit: The Fall in Exports

> A USDA-linked trade outlook projects FY2024 US agricultural exports of $170.5 billion and imports of $202.5 billion, implying a record $32 billion trade deficit. The analysis attributes the trend to export declines and rising imports.

- Date: 2024-06-27 · published 2024-06-27T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/14746-understanding-the-growing-u-s-agricultural-trade-deficit-the-fall-in-exports
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A widening trade deficit reflects weaker US export volumes, but the report gives no immediate direct price signal for specific feed commodities.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2020-11-23 | [Outlook for U.S. Agricultural Trade - WITA](https://feedsoft.ai/events/50016-outlook-for-u-s-agricultural-trade-wita.md) | -1.1% | +5.3% |
| SOY | 2025-06-11 | [Unveiling the NDSU Agricultural Trade Monitor: Tracking U.S. Ag Trade Patterns in Turbulent Times](https://feedsoft.ai/events/14654-unveiling-the-ndsu-agricultural-trade-monitor-tracking-u-s-ag-trade-patterns-in.md) | +1.5% | -4.3% |
| SOY | 2017-10-09 | [U.S. Agricultural Exports- Data Update from USDA - Farm Policy News](https://feedsoft.ai/events/68329-u-s-agricultural-exports-data-update-from-usda-farm-policy-news.md) | +2.9% | +0.5% |
| SOY | 2016-12-21 | [India Agricultural Trade: Expanding Export Opportunities Amid Persistent Limitations \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/73432-india-agricultural-trade-expanding-export-opportunities-amid-persistent.md) | +0.1% | +6.2% |
| SOY | 2020-10-01 | [China: Evolving Demand in the World’s Largest Agricultural Import Market](https://feedsoft.ai/events/50983-china-evolving-demand-in-the-world-s-largest-agricultural-import-market.md) | +2.7% | +3.3% |
| CORN | 2025-04-01 | [US agricultural exports/imports threatened by Trump trade actions \| Reuters](https://feedsoft.ai/events/25100-us-agricultural-exports-imports-threatened-by-trump-trade-actions-reuters.md) | +1.0% | +2.2% |
| CORN | 2020-11-23 | [Outlook for U.S. Agricultural Trade - WITA](https://feedsoft.ai/events/50016-outlook-for-u-s-agricultural-trade-wita.md) | -1.2% | -3.2% |
| CORN | 2025-06-11 | [Unveiling the NDSU Agricultural Trade Monitor: Tracking U.S. Ag Trade Patterns in Turbulent Times](https://feedsoft.ai/events/14654-unveiling-the-ndsu-agricultural-trade-monitor-tracking-u-s-ag-trade-patterns-in.md) | -0.5% | -4.1% |

## Sources

- southernagtoday.org: https://southernagtoday.org/2024/06/27/understanding-the-growing-u-s-agricultural-trade-deficit-the-fall-in-exports/

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