U.S. Farm export numbers top expectations

U.S. Farm export numbers top expectations

A new Agriculture Department forecast has the United States doing record export business this fiscal year. On Tuesday, USDA pegged farm exports at a whopping $126.5 billion, up $13.5 billion from the August forecast and more than $11.5 billion above the previous record set in 2008. Chief Economist Joe Glauber attributed the “very dramatic increase” in projected ag trade to higher grain, soybean and cotton prices. “The trends that we’ve seen throughout the year, that is the large amount of supplies going to China, continue, particularly growth in certain commodities like oilseeds,” Glauber told USDA Radio.

Asia accounts for more than half of the increased forecast, with China up more than any other market ($2.5 billion) to $17.5 billion and only half a billion less than the top market of Canada, USDA said. Compared to the prior forecast, the value of soybean shipments increased more than $5 billion, grains were up nearly $4 billion and cotton exports rose by almost $2 billion. Export prospects for livestock, poultry, and dairy were raised $1.2 billion, with gains in all but poultry, USDA added. To view the full report, click on:
http://usda.mannlib.cornell.edu/usda/current/AES/AES-11-30-2010.pdf

More Advocacy Issues

Reconciliation Package Update

September 14th, 2021

See the update below for a comprehensive review of the reconciliation process. Update Here

Read More
 

On August 11th, ACSA leaders including Buddy Allen of American Cotton Shippers Association, Michael Symonanis of Allenberg Cotton Co., Donna Lemm of IMC Companies, and Neely Mallory of Mallory Alexander International Logistics participated in a Federal Maritime Commission Memphis Supply Chain Stakeholder Meeting led by Commissioner Rebecca Dye. Over 100 stakeholders participated in the meeting […]

Read More
 

Yesterday, ACSA co-signed a letter to Representatives John Garamendi (D-CA) and Dusty Johnson (R-SD) endorsing the Ocean Shipping Reform Act of 2021 (OSRA21). The Act focuses on unreasonable detention and demurrage charges, and carrier rejection of U.S. export cargo. We believe that addressing these concerns will assist U.S. exports such as cotton to remain competitive […]

Read More
 

On July 23rd, Representatives Jim Costa, Salud Carbajal, Jimmy Panetta, Tom O’Halleran, John Garamendi, and Ann Kirkpatrick wrote a letter to Secretary Vilsack asking him to assistant cotton merchandisers who have experienced significant losses due to the COVID-19 pandemic. The letter states that not only did cotton experience a huge downturn in consumption during the […]

Read More
 

Yesterday, Representative David Scott (D-GA), Chairman of the House Committee on Agriculture, Representative Sanford Bishop (D-GA), Chairman of the Subcommittee on Agriculture, Rural Development, Food and Drug Administration, and Related Agencies, and Senator Raphael Warnock (D-GA), the sole cotton state Democrat on the Senate Committee on Agriculture, Nutrition, and Forestry wrote a letter to Secretary […]

Read More
 

Yesterday, the House Transportation Subcommittee on Coast Guard and Maritime Transportation held a hearing entitled “Impacts of Shipping Container Shortages, Delays, and Increased Demand on the North American Supply Chain.”  The hearing featured two panels: the first panel included Federal Maritime Commission (FMC or Commission) Chairman Daniel Maffei and Commissioner Rebecca Dye, and the second […]

Read More