ERS-NASS accepts MasterCard and Visa. Exports-Bulk commodity exports were largely responsible for the total farm export drop thus far in fiscal 2000. Both export value and volume of wheat have fallen significantly thus far in the fiscal year, compared with 1999. Wheat prices, at record lows over the past decade, exacerbated the decline as other wheat exporters have flooded the world market. In addition, wheat demand by Japan, China, and South Korea was smaller.
Export prices are at record lows for the past decade.
Volume declined the steepest to Mexico followed by East Asia. Larger exports from Uzbekistan, the African Franc Zone, and Australia are behind the world's abundant cotton supply. More than 600 million tons over last year have been shipped thus far. While recent export prices have inched up from last summer's low levels, they are still depressed. Demand from Latin America and the European Union for U.S. soybeans has shrunk as South American export sales continue at high levels.