Foreign Agricultural Trade of the United States, May/June 1984

Higher commodity prices, especially for coarse grains and oilseeds, raised total U~S. agricultural exports to $24.1 billion during the first 7 months of fiscal year 1984, 13 percent over those of the same period in 1983. Winter freeze damage and the U.s. economic recovery helped push agricultural imports up to $11 billion in fiscal year 1984, $1.5 bill ion over 1983 values. The U.S. dollar rebounded on international currency markets in late March and into April from its early 1984 downward trend. U.S. farm product exports totaled $34.8 billion during fiscal year 1983, down 11 percent from the 1982 value. Eastern Europe's financial problems continued to depress imports of agricultural commodities during 1983