USDA Outlook for U.S. Agricultural Trade

US exports forecast up $5.0 billion to record $157.0 billion in FY 2021

U.S. agricultural exports in Fiscal Year (FY) 2021 are projected at $157.0 billion, up $5.0 billion from the November forecast, driven by higher oilseed and grain export forecasts. Corn exports are projected up $800 million, as higher unit values more than offset slightly lower volumes. Horticultural product exports are projected to remain unchanged at $34.5 billion.

Image: USDA

FY 2021 horticultural product exports are unchanged from the November forecast at $34.5 billion. Whole and processed tree nuts are unchanged at $9.0 billion, with most shipments destined for Europe and Asia. Fresh fruit and vegetables are unchanged at $6.9 billion on stable shipments to top markets Canada and Mexico. Processed fruits and vegetables are unchanged at $6.5 billion on steady shipments to Canada.

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