Ethanol Blog

DDG Exports to China Continue Strong Pace

OMAHA (DTN) -- USDA's Foreign Ag Service said exports of U.S. ethanol declined in August from the same month the year prior, but dried distillers grains exports climbed.

U.S. ethanol exports totaled 50.1 million gallons in August, down 7% from the previous year, USDA said in a monthly export trade report. Year-to-date exports for 2015 are 6% higher.

Exports of DDG totaled 1.279 million metric tons in August, up 19% from a year ago. The year-to-date total is also higher, up 3%.

Chinese demand remains particularly strong. Exports of DDG to China were 41% higher in August than they were the year prior. 2015 year-to-date exports to China are up 23%.

"China's aggressive appetite for distillers grains continues to point to a strong ongoing need for protein sources and is a bullish factor for both corn and soybean prices," DTN analyst Todd Hultman said.

Exports of biodiesel were down 1% in August from the previous month at 36,684.3 metric tons. Year-to-date exports are 10% lower than a year ago.

Katie Micik can be reached at katie.micik@dtn.com

Follow her on Twitter @KatieMDTN

(CZ)

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