# Ag's new normal includes trade deficits, not surpluses - Farm and Dairy

> 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.

- Date: 2023-03-30 · published 2023-03-30T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/14860-ag-s-new-normal-includes-trade-deficits-not-surpluses-farm-and-dairy
- 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 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.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-05-30 | [US Ag Trade Deficit Widens to $32 Billion - Farm Policy News](https://feedsoft.ai/events/14753-us-ag-trade-deficit-widens-to-32-billion-farm-policy-news.md) | -3.0% | -5.1% |
| SOY | 2024-06-27 | [Understanding the Growing U.S. Agricultural Trade Deficit: The Fall in Exports](https://feedsoft.ai/events/14746-understanding-the-growing-u-s-agricultural-trade-deficit-the-fall-in-exports.md) | +1.2% | -4.0% |
| SOY | 2019-02-08 | [Analysts see few surprises in supply and demand report - Brownfield Ag News](https://feedsoft.ai/events/60557-analysts-see-few-surprises-in-supply-and-demand-report-brownfield-ag-news.md) | -1.1% | -3.2% |
| SOY | 2022-03-10 | [Few Surprises in Supply/Demand Report \| Red River Farm Network](https://feedsoft.ai/events/42238-few-surprises-in-supply-demand-report-red-river-farm-network.md) | -2.2% | -4.0% |
| SOY | 2018-08-13 | [No surprises in USDA report \| Farm Online \| ACT](https://feedsoft.ai/events/63483-no-surprises-in-usda-report-farm-online-act.md) | +4.2% | -1.5% |
| CORN | 2024-05-30 | [US Ag Trade Deficit Widens to $32 Billion - Farm Policy News](https://feedsoft.ai/events/14753-us-ag-trade-deficit-widens-to-32-billion-farm-policy-news.md) | -4.0% | -5.1% |
| CORN | 2019-11-21 | [Cash traders question USDA numbers - Farm and Dairy](https://feedsoft.ai/events/56092-cash-traders-question-usda-numbers-farm-and-dairy.md) | -0.5% | +2.1% |
| CORN | 2024-06-27 | [Understanding the Growing U.S. Agricultural Trade Deficit: The Fall in Exports](https://feedsoft.ai/events/14746-understanding-the-growing-u-s-agricultural-trade-deficit-the-fall-in-exports.md) | -2.3% | -0.1% |

## Sources

- farmanddairy.com: https://www.farmanddairy.com/columns/ags-new-normal-includes-trade-deficits-not-surpluses/763520.html

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