date:Jun 04, 2013
USDA reported last Thursday that agricultural exports remain on pace for a record value at $139.5 billion for 2013, even though the outlook was lowered by $2.5 billion from the February estimate.
USDA projects a $28.5 billion positive balance for agricultural trade as the $139.5 billion in ag goods leaving the country crosses paths with $111 billion in agricultural imports.
With $7.6 billion more in ag imports than 2012 figures, that would mean the surplus in agricultural trade would narrow in