The USDA has lowered its 2019 ag export forecast by 2.5 billion dollars.
“We are now looking at a fiscal year 2019 forecast of $134.5 billion.”
Deputy Chief
Economist Warren Preston says that is almost $9 billion below 2018.
He says the cuts to the May forecast were mainly from trade uncertainties with China, but exports to China from May to August were up by $800 million from an increase in Chinese purchases of soybeans and pork.
Continue reading USDA lowers 2019 export projections again at Brownfield Ag News.
