# Outlook for U.S. Agricultural Trade - WITA

> USDA's outlook raised FY2021 US agricultural export forecast by $11.5 billion to $152.0 billion, with soybean exports projected at a record $26.3 billion and corn exports up $4.2 billion to $13.2 billion. Agricultural exports to China are forecast at a record $27.0 billion.

- Date: 2020-11-23 · published 2020-11-23T12:00:00.000Z
- Category: report · region US · magnitude medium
- Page: https://feedsoft.ai/events/50016-outlook-for-u-s-agricultural-trade-wita
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Higher projected export values for soybeans and corn signal strong foreign demand and tighter US supplies, supporting domestic soybean and corn prices.

## Read by commodity

- SOY: bullish ▲
- CORN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2023-08-01 | [China: China Trade Data Update - 1st Half CY2023 \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/14818-china-china-trade-data-update-1st-half-cy2023-usda-foreign-agricultural-service.md) | -2.2% | -3.5% |
| SOY | 2024-02-26 | [China to maintain lead in agricultural imports for next decade – USDA](https://feedsoft.ai/events/14773-china-to-maintain-lead-in-agricultural-imports-for-next-decade-usda.md) | +0.9% | +5.3% |
| 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 | 2024-01-11 | [National Beef Wire \| WASDE: Oilseed Outlook \| Total U.S. oilseed](https://feedsoft.ai/events/32225-national-beef-wire-wasde-oilseed-outlook-total-u-s-oilseed.md) | -1.2% | -2.9% |
| 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% |
| CORN | 2025-04-25 | [Export Sales to Mexico \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/25094-export-sales-to-mexico-usda-foreign-agricultural-service.md) | -2.1% | -1.5% |
| CORN | 2024-04-15 | [Export Sales to Mexico \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/30705-export-sales-to-mexico-usda-foreign-agricultural-service.md) | -0.2% | +2.0% |
| CORN | 2022-03-14 | [Export Sales to Mexico \| USDA Foreign Agricultural Service](https://feedsoft.ai/events/42277-export-sales-to-mexico-usda-foreign-agricultural-service.md) | +1.1% | +10.2% |

## Sources

- wita.org: https://www.wita.org/atp-research/outlook-for-us-agricultural-trade/

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