USDA adjusts trade outlook lower

USDA adjusts trade outlook lower

Ag exports projected at $144.5b, down $8b from original forecast.

FISCAL 2015 agricultural exports are projected at $144.5 billion, down $8 billion from the revised $152.5 billion forecast for fiscal 2014, the U.S. Department of Agriculture said in its updated outlook for agricultural trade released Aug. 28.

Although projected lower, 2014 is expected to be another record-setting year with the highest amount of agricultural exports

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