The U.S. Department of Labor reports agriculture export prices fell 5.3 percent in July. The decline is the largest drop in ag exports since 2011. A 14.1 percent drop in soybean prices was the primary contributor to the decrease in ag prices. Export prices for corn, wheat, fruits and nuts also fell in July. The notable change can be attributed to implementation of tariffs between the U.S. and China. However, all exports remained unchanged in July, along with no change in prices of U.S. imports.
