According to data compiled by the Renewable Fuels Association (RFA), U.S. ethanol exports set a new monthly record of 152.5 million gallons (mg) in November, according to government data released this morning. Brazil was the leading destination for U.S. product and accounted for nearly half of total shipments for the month. Canada, Mexico and the Netherlands were among other top destinations.
Year-to-date total exports through November stood at 1.02 billion gallons (bg) -- putting exports on pace for a 2011 calendar year total of 1.11 bg. "Notably, these exports did not qualify for the ethanol blender’s tax credit, as the ethanol was not blended with gasoline prior to exportation," states the group.
On the co-products side, November exports of distillers dried grains with solubles (DDGS) totaled 538,174 metric tons (MT), the lowest monthly tally of the year. China was the top market (140,741 MT), followed by Mexico (117,108 MT) and Canada (53,458 MT). Year-to-date exports of DDGS stood at 7.08 million MT, meaning exports are on pace for 7.72 million MT for the calendar year. That total would be down 14% from 2010’s record exports of 9.03 million MT.