Friday, December 03, 2010
Your commodities need a passport!
If your neighborhood stevedore seems a little tired this year, it is because he has been working harder than ever before. Agricultural exports have exploded upward according to the most recent USDA statistics, and it is a good thing they were updated. Fiscal 2011 exports are forecast at $126.5 billion. That is not only a record, but it is $13.5 billion higher than what USDA thought it would be as late as August! The prior high was set in 2008 and the 2011 exports will blow that out of the water by more than $11.5 billion.
Posted by Stu Ellis on 12/03 at 11:14 AM | Permalink