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USDA estimated the FY2023 U.S. agricultural trade deficit at $14.5 billion, with exports falling to $184.5 billion and imports holding at $199 billion. Calendar 2022 saw record exports of $196 billion and record imports of $199 billion.
The deficit would be the largest since at least 1959.
A persistent ag trade deficit reflects strong imports of feed-related products and a stronger dollar relative to export competitiveness, which can shape long-run demand for U.S. feed ingredients.
farmanddairy.comAlan GuebertMar 30, 2023After 2,389 past report events, Soybeans moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.9%), and +0.1% over 20.
After 3,207 past report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.3% to +1.7%), and +0.5% over 20.
After 1,283 past report events, Soybean Meal moved a median -0.1% over 5 sessions (47% higher; middle half -2.0% to +1.7%), and -0.2% 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.
