Tidbits, April S&D Estimates, Exports and Imports 4/9/25
- Wright Team
- Apr 9
- 4 min read
Tidbits
Yesterday morning, the USDA announced the sale of 240,000 mts of old crop corn to Spain.
In February, U.S. agricultural trade deficit showed slight improvement, with exports decreasing to $13.59 billion (a drop of $830 million from January) and imports falling more sharply to $17.86 billion (down $2.81 billion). This reduction narrowed the monthly trade deficit to $4.27 billion, an improvement from January's record deficit of $6.25 billion. USDA projects 2025 financial year agricultural exports will total $170.5 billion, which is $13.27 billion monthly average, while imports could reach a record $199.5 billion, monthly average of $17.96 billion.
The United States said on Tuesday that 104% duties on imports from China will take effect shortly after midnight. China said that they will fight to the end.
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