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Abstract

"Larger wheat and cotton shipments and higher corn and soybean prices raised U.S. agricultural exports to ~38 billion during fiscal year (FY) 1984 (October 1983 - September 1984), up 10 percent from those of 1983. Increased demand and a strong dollar,boosted U.S. agricultural imports in FY 1984 to a record $18.9 billion, 16 percent above those of the same period in 1983. U.S. dollar exchange rates on international markets showed almost unbroken monthly increases during FY 1984, reached an 11-year high against the German mark, and set records relative to the British pound, French franc, and Italian lira. U.S. agricultural exports to the European Community (EC) in FY 1984 fell to $6.7 billion from $7.6 billion in 1983.

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