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Newspaper
Garden City Telegram
Location
Garden City, Kansas, United States of America
Date
May 22, 1981
Page
10
Agriculture Department reports U S farm exports totaling a record 46 billion dollars for the fiscal year, up 14 percent from 1979 80 but short of the 48 5 billion forecast. Imports run 18 billion, yielding a 28 billion trade surplus. Exports face competition from Brazil and Southern Hemisphere crops and prices ease.
Rod Turnbull notes that despite the embargo ending, grain prices did not jump. Traders expected bullish moves as the Soviet Union could resume buying, but activity remained muted. Market letters warned outcomes vary with demand, weather, currencies, and ongoing supply sources, signaling a cautious path forward.
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