Image Source: Unsplash

Down from January:

(Click on image to enlarge)

Figure 1: Agricultural (food, feed and beverages) exports in mn$ (tan), in mn2017$ (blue), both seasonally adjusted. August figure is advance. August real figure is nominal advance, divided by deflator extrapolated to August using BLS export price index. Source: BEA, BLS, and author’s calculations.

If soybean exports are to judge, we shouldn’t expect big sales there to rescue ag exports.

Source: Missouri Farmer Today.

September and October are usually big months for exports to China. So far (thru Sept. 18), there are zero sales to China, actual or committed. China is instead purchasing from Argentina (who the Administration has just given a credit line of $20 billion).

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