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October ethanol, DDGS exports down from September

U.S. ethanol exports fell back a little bit in October.

The Renewable Fuels Association says October exports of 117.1 million gallons were down 3% from the 18-month high hit in September.

Canada took the top slot for the 31^st month in a row at 64.6 million gallons, the largest month for any country since Brazil in March 2019, which was prior to the resumption of a tariff on U.S. ethanol imports.

India, the United Kingdom, the Philippines, and South Korea rounded out the top five.

Exports of distillers dried grains with solubles were a six-month low at 896,708 tons, a decrease of 13% on the month, with Mexico leading the way, followed by Vietnam and Canada.

There were no recorded U.S. ethanol imports during October.

For 2023 to date, U.S. ethanol exports are 1.16 billion gallons, steady with a year ago, with DDGS exports of 8.99 million tons, 4% slower than 2022.