US Agricultural Exports Continue to Tumble
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Since Jun 2021, US Agricultural monthly exports continued shrinking YoY due notably to the freight crisis, and 2022 seems to be continuing in that direction. US exports tumbled the most in Jan & May 2022, as they decreased 3.47 Mmt (-20.35%) & ~2.9 Mmt (-23.5%) YoY. Since the beginning of the year, US agricultural exports decreased a staggering 10 Mmt. As the US is acting on solving its supply chain difficulties, exports might not increase later in 2022, as the adverse Weather and late planting will have an impact on US Corn, Soybean, & Wheat production in 2022/23, and probably increase the already non-competitive US prices.
2022 US Agricultural Exports
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