The U.S. advance deficit in goods fell to $59.3 billion, below economists expectations of $63 billion. A 40% jump in food and beverage exports appears to have been the culprit, with activity in soybeans, dried legumes and dried grains notable. Imports also fell 1.3% – a surprise given Panjiva data for seaborne imports, and Bureau of Labor Statistics prices, suggest they should have increased. More details will follow with the full release on September 2.