July Ethanol Exports Down From 2017

July Ethanol Exports Down From 2017

OMAHA (DTN) -- The U.S. Census Bureau said Wednesday that U.S. exports of goods and services totaled $211.1 billion in July, down $2.1 billion from June. Imports totaled $261.2 billion, up $2.2 billion on the month. The resulting trade deficit of $50.1 billion for July was up from $45.7 billion in June. USDA later provided more details for exports of ethanol, biodiesel, and distillers grains.

USDA reported U.S. exports of ethanol totaled 104.4 million gallons in July, down 12% from a year ago. Canada was the top destination in July, accounting for 36% of the total while Brazil was second with roughly half of Canada's total. In the first seven months of 2018, U.S. ethanol exports were up 27% from a year ago.

U.S. exports of biodiesel totaled 36,487 metric tons in July, down 43% from a year ago. Once again, Canada was the top destination in July, taking 97% of all U.S. exports. So far in 2018, U.S. exports of biodiesel are up 11% from a year ago.

U.S. exports of distillers grains totaled 1,107,891 metric tons in July, up 11% from a year ago. Turkey was the top destination in July, accounting for 17% of U.S. exports, while Mexico was a close second. The first seven months of U.S. distillers grains exports were up 4% in 2018 from a year ago.

(AG)