FATUS (Foreign Agricultural Trade of the United States), November/December1985
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The value of fiscal year (FY) 1985 farm exports declined 18 percent, as larger world
Increased demand, unfavorable weather, supplies reduced prices and U.S. export volumes.
and higher prices in the United States boosted the value of U.S. agricultural imports to
Bumper a record high of $19.7 billion in FY 1985, up $820 million from 1984's level.
grain and soybean crops worldwide will continue depressing prices in FY 1986 ... The
high value of the dollar and large stocks, rising production levels, and weak economic
growth in the EC reduced U.S. agricultural exports to the EC in FY 1985 to $5.3 billion
from 1984's $6.7 billion and 1980's record high $10.3 billion. An excess supply of
ships for carrying dry bulk commodities kept ocean freight rates low in 1984, despite'
growth in demand for dry bulk ships.