The U.S. agricultural trade deficit rose in January, totaling $1.76 billion. That’s up from $1.1 billion in December. Ag exports declined slightly, but imports were up. For Fiscal Year 2026 through January, ag exports totaled just over $61 billion and exports approached $65 billion. That put the cumulative trade deficit at $3.8 billion. That’s down from $11.3 billion at the same time a year ago.
