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Corn, rice, and sorghum production forecasts for marketing year (MY) 2023/2024 are increased, while wheat production is forecast lower based on less planted area.
Improved stocks at poultry breeder facilities and lower feed prices are forecast to increase chicken meat production by two percent in 2024.
Mexico cotton production and area planted is forecasted to increase in marketing year (MY) 2022/23, mainly due to high global demand and corresponding high prices. Additionally, drought conditions observed during the planting season over the past two years, has encouraged the planting of cotton over other more water reliant crops.
The 2021 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world.