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U.S. wheat exports are forecast to rebound by more than a million tons in the 2024/25 marketing year (June – May), after dipping to the lowest volume in more than 50 years in 2023/24.
U.S. agricultural exports are a critical source of farm income. The USDA Economic Research Service estimates that on average 23 percent of the output of nonmanufactured agricultural products were exported between 2013 and 2022.
FAS and the Economic Research Service jointly publish the quarterly Outlook for U.S. Agricultural Trade in February, May, August, and November. Archived quarterly forecasts can be found here.