Market Matters Blog

DDG, Ethanol Exports Climb

U.S. ethanol exports totaled 64.6 million gallons in May, up 22% from a year ago, according to U.S. Census Bureau trade data. Year-to-date ethanol exports are 6% higher than last year.

"Ethanol exports account for a small portion of corn demand (roughly 300 million bushels in 2014), but the higher pace so far in 2015 is slightly bullish for corn," DTN analyst Todd Hultman said.

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Distillers grain exports totaled 1.171 mmt in May, up 9% from a year ago, and the second highest monthly total on record. In July 2014, the U.S. exported 1.173 mmt. Year-to-date exports are down 9% from 2014.

"864,777 metric tons went to China in May, up 48% from a year ago and a new record high," Hultman said. "That is a bullish factor for U.S. corn demand.

Biodiesel exports totaled 35,915 mt in May, up 23% from a year ago. Hultman said it's "a slight bullish factor for soybean oil." Year-to-date exports are down 13% from 2014.

(CZ/BAS)

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James Pritchett
7/10/2015 | 10:23 AM CDT
GROW MORE CORN