Canada to replace China as largest US export market

Agricultural exports in fiscal 2016 are forecast at $138.5 billion, which is $1.0 billion below the revised fiscal 2015 forecast. Bulk export values are forecast to fall, primarily as a result of lower U.S. oilseed prices and export volumes. U.S. high-value product exports are forecast to rise in fiscal 2016, although a strong U.S. dollar could limit export increases of these products. Canada is expected to return as the largest U.S. export market for the first time since 2010. Read more at the Cattle Trader Center…