States as World Salesmen drive exports and farm prices
Exports of farm commodities totaled 8.05 billion dollars last year, with ten states accounting for about 57 percent of the total. Illinois led with 758 million, followed by Iowa 620 million and California 592 million. Overseas demand boosted soybean and rice sales while cotton, tobacco, and dry beans also saw strong overseas buying. Domestic feed grain carryover and farm price projections for 1972-73 point to a bright outlook, with higher corn prices and renewed wool demand shaping market activity.