Excerpts from the report Summary: The foreign agricultural trade of the United States continued to show divergent trends in calendar year I961; exports of $5,030 million advanced to another record while imports declined further to $3,690 million, the smallest in 12 years. Economic developments in this country and the foreign free world had a significant bearing on last year's foreign trade. Plentiful U.S. supplies of agricultural commodities continued to be available for export, and the export-payment program aided U.S. exporters to compete with foreign producers of such products as cotton, wheat, rice, and feed grains. For the newly developing countries which lack dollars, the United States continued to make fam products available under Government-financed programs, primarily Title I of Public Law 480.