Recent USDA reports indicate that the value of U.S. agricultural
exports will reach a new high in the fiscal year ending
this September (fiscal 1996). The projected gain reflects rising
bulk commodity sales, especially for wheat, corn, and soybeans.
Red meat and poultry exports are also doing well.
Agricultural exports to Mexico have rebounded from the dismal
showing of the prior year that was sparked by the devaluation
of the Mexican peso, and shipments to Russia have also
recovered. In addition, the Federal Agricultural Improvement
and Reform Act of 1996 contains several modifications that
will influence agricultural exports in the future.