| USDA Report Shows Slowing Export Expectations |
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| Written by National Corn Growers Association | |
| Tuesday, 02 December 2008 | |
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Washington, DC - The United States Department of Agriculture (USDA) published its quarterly U.S. Outlook for Agricultural Trade report this week. The report shows signs that nations throughout the world are realizing lower commodity trading volumes due to the slowing economy.
With credit tightening and exports down in volume, the National Corn Growers Association (NCGA) sees expanding trade as an opportunity to increase corn demand in these times of volatile commodity markets. “The USDA’s quarterly report on agriculture trade did not come as a surprise to us,” Bill Hoffman, chairman of NCGA’s Joint Trade Policy Action Team, said. “The most important thing we can do is create trade opportunities for our products that will in turn help to grow the U.S. and world economies.” |
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