Jan. Ethanol Exports Up From Year Ago

US January Ethanol Exports Up 40% From Year Ago

OMAHA (DTN) -- The U.S. Census Bureau said Tuesday that U.S. exports of goods and services in January totaled $192.1 billion, up $1.1 billion from December. Imports totaled $240.6 billion, up $5.3 billion from December. USDA later filled in more details for exports of ethanol, biodiesel, and distillers grains.

USDA said that U.S. exports of ethanol totaled 121.8 million gallons in January, up 40% from a year ago. Brazil was the top customer again in January, accounting for 48% of all exports and followed by Canada and India. "Tuesday’s report was slightly bullish for corn and ethanol," said DTN Analyst Todd Hultman.

U.S. exports of biodiesel totaled 6,066 metric tons in January, up 2% from a year ago. Peru was the top destination for biodiesel exports in January, taking 56% of the total with Canada second. "Tuesday’s report was neutral for biodiesel and soybean oil," Hultman said.

U.S. exports of distillers grains totaled 937,628 metric tons in January, up 17% from a year ago. Mexico was the top export destination in January, accounting for 19% of total exports, followed by Turkey and China. China’s January purchase of 87,310 metric tons was down 60% from a year ago. "Tuesday’s report showed U.S. exports doing well without China and was slightly bullish for distillers grains," Hultman said.

(AG)