By Ann Lewis, Senior Analyst
U.S. ethanol exports lifted 1% to a 3-month high of 113.4 million gallons (mg). Canada was our largest destination for the 28th consecutive month with a whopping 55% of global sales. A record 62.6 mg (bolstered by 58 mg in denatured ethanol)—a 23% month-over-month leap—was the fourth-largest single month U.S. exports purchased by any country. Essentially all remaining gallons were distributed to nine markets, including the United Kingdom (up 23% to 16.7 mg), South Korea (up 5% to 10.7 mg), the European Union (down 55% to 7.1 mg), Colombia (down 22% to 4.3 mg), and Mexico (down 6% to 3.9 mg). Brazil and India again were notably absent from the market. Year-to-date ethanol exports total 818.3 mg.
For the seventh consecutive month, the U.S. did not register any meaningful imports of foreign ethanol.
Exports of dried distillers grains (DDGS), the animal feed co-product generated by dry-mill ethanol plants, totaled 993,018 metric tons (mt) in July. U.S. shippers netted their largest monthly exports in a year with a collective 5% improvement over June. While imports softened 2% to 185,136 mt, Mexico held firmly for the 13th consecutive month as the largest U.S. DDGS market. Exports swung higher in Vietnam (up 11% to 124,184 mt), Indonesia (up 31% to 120,839 mt for a record high), and Turkey (roughly double at 89,859 mt) but scaled back in the European Union (down 9% to 68,879 mt), South Korea (down 26% to 64,888 mt, the lowest monthly volume in more than 3 years), and Canada (down 16% to 59,670 mt). Rounding out our top ten customers in July were Japan (56,371 mt), Morocco (30,041 mt), and Taiwan (24,526 mt). Year-to-date U.S. DDGS exports total 6.11 million mt, which is 9% behind last year at this time.