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Why U.S. agricultural exports are down almost 20% from last year

Sep 29, 2023
In August, agricultural exports were about 20% lower than the same time a year ago, according to the Commerce Department. That's because export volumes have fallen, and ag prices are coming off of recent highs.
"We have soybean exports down, corn exports are down, wheat exports are down," said Naomi Blohm, senior market advisor with Total Farm Marketing.
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The U.S. is no longer world's leading exporter of corn

Aug 31, 2023
Brazil breaks America's near-lock on the top spot for half a century. But corn growers are still doing fine.
Despite losing market share to Brazil, U.S. growers are still selling more corn in absolute terms.
Stefani Reynolds/AFP via Getty Images