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June Ethanol Exports Up From Year Ago

June US Exports of Biodiesel Up, DDG Exports Down Double Digits From Year Ago

OMAHA (DTN) -- The U.S. Census Bureau said Thursday that U.S. exports of goods and services totaled $194.4 billion in June, up $2.4 billion from May. Imports totaled $238.0 billion, down $0.4 billion from May. USDA later provided more details for exports of ethanol, biodiesel and distillers grains.

USDA said that U.S. exports of ethanol totaled 92.7 million gallons in June, up 71% from a year ago. Canada took over the top spot from Brazil as the top destination, accounting for 27% of the total with Brazil second. U.S. ethanol exports were up 28% in the first half of 2017 from a year ago. Friday's report was slightly bullish for corn and ethanol prices, said DTN Analyst Todd Hultman.

U.S. exports of biodiesel totaled 31,833 metric tons in June, up 3% from a year ago. Canada continued to be the dominant destination for U.S. biodiesel exports in June, once again taking 92% of the total. In the first six months of 2017, U.S. biodiesel exports were down 13% from a year ago. Friday's report was neutral for biodiesel and soybean oil prices, Hultman said.

U.S. exports of distillers grains totaled 889,114 metric tons in June, down 12% from a year ago. Mexico was the top export destination again in June, accounting for 20% of the total and followed by South Korea, Turkey and Canada. In the first half of 2017, exports of U.S. distillers grains were up 4% from a year ago. Friday's report was bearish for distillers grains with China only taking 2% of June's total, Hultman said.

(AG)

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