Value of US Ag Exports, Imports Up in Nov. vs. Oct.

U.S. agricultural exports were valued at $14.265 billion in November, up from October, while imports rose to $9.7 billion for a trade surplus of $4.564 billion, according to USDA's Agricultural Trade Update.The value of exports rose for a second month along with imports, though the value of imports increased slightly more compared to October to trim the November agricultural trade surplus from the October mark.The $14.265 billion in exports is the largest monthly figure since November 2014 when they were valued at $14.694 billion. The value of agricultural imports for the month was the highest since $9.865 billion in May 2016. The agricultural trade surplus was the highest since the trade black ink stood at $5.876 billion in November 2014.The value of U.S. agricultural exports the first two months of Fiscal 2017 stands at $28.505 billion against imports valued at $19.104 billion for a surplus of $9.401 billion. Those figures compare to levels the first two months of Fiscal 2016 of exports at $25.014 billion against imports of $18.012 billion for a trade surplus of $7.002 billion.