# US 2023 agricultural exports forecast 1% under record 2022 - Fastmarkets

> The USDA projects fiscal 2023 US agricultural exports at $193.5 billion, down from a record $196 billion for 2022. Lower forecast exports of sorghum, wheat and corn are partly offset by higher soybean exports.

- Date: 2022-09-02 · published 2022-09-02T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/39568-us-2023-agricultural-exports-forecast-1-under-record-2022-fastmarkets
- Commodities: [Sorghum](https://feedsoft.ai/c/SORGHUM.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Lower projected US grain and sorghum exports point to more supply domestically for feed use, while a record soybean export outlook supports soybean and meal demand.

## Read by commodity

- SOY: bullish ▲
- CORN: bearish ▼
- SORGHUM: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2022-11-30 | [USDA Lowers FY 2023 Forecast for U.S. Agricultural Exports - Farm Policy News](https://feedsoft.ai/events/38741-usda-lowers-fy-2023-forecast-for-u-s-agricultural-exports-farm-policy-news.md) | -3.9% | +1.9% |
| CORN | 2023-02-27 | [USDA Releases Lower Ag Export Forecast for 2023](https://feedsoft.ai/events/37388-usda-releases-lower-ag-export-forecast-for-2023.md) | -1.3% | -1.8% |
| CORN | 2021-08-29 | [USDA Forecasts Record Farm Exports in FY 2021 and FY 2022 \| Farm Policy News \| Illinois](https://feedsoft.ai/events/45418-usda-forecasts-record-farm-exports-in-fy-2021-and-fy-2022-farm-policy-news.md) | -6.1% | -11.6% |
| CORN | 2024-01-08 | [Unpacking the agriculture market's 2023 performance and forecasting 2024](https://feedsoft.ai/events/11087-unpacking-the-agriculture-market-s-2023-performance-and-forecasting-2024.md) | -2.2% | -2.3% |
| CORN | 2021-09-14 | [China cuts forecast for feed use of corn in 2021/22 - Markets - Business Recorder](https://feedsoft.ai/events/45063-china-cuts-forecast-for-feed-use-of-corn-in-2021-22-markets-business-recorder.md) | -1.4% | +0.3% |
| SOY | 2023-01-06 | [Record U.S. FY 2022 Agricultural Exports to China \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/14870-record-u-s-fy-2022-agricultural-exports-to-china-usda-foreign-agricultural.md) | +4.3% | +4.4% |
| SOY | 2021-05-27 | [U.S. Farm Exports Forecast at 8% Above 2014's Record](https://feedsoft.ai/events/46958-u-s-farm-exports-forecast-at-8-above-2014-s-record.md) | +3.0% | -8.8% |
| SOY | 2021-08-29 | [USDA Forecasts Record Farm Exports in FY 2021 and FY 2022 \| Farm Policy News \| Illinois](https://feedsoft.ai/events/45418-usda-forecasts-record-farm-exports-in-fy-2021-and-fy-2022-farm-policy-news.md) | -5.6% | -5.3% |

## Sources

- fastmarkets.com: https://www.fastmarkets.com/insights/us-agricultural-2023-exports-forecast-under-record-2022/

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