U.S. ethanol exports pulled back in June.
The Renewable Fuels Association says June ethanol exports were 101.5 million gallons, a drop of 31% from May, but still the largest for the month in three years. Canada was the top destination, followed by South Korea, the United Kingdom, the Netherlands, and Mexico. The RFA says exports to India and Brazil were down sharply on the month and called shipments to China “negligible”.
Exports of distillers dried grains with solubles were 1.01 million tons, up 5% on the month, primarily to Vietnam, Mexico, Turkey, Canada, and Indonesia.