U.S. DDGS Exports Update – Apr ’16

Feb ’16 U.S. DDGS Export Volumes Increased Slightly off of the Previous 12 Month Low Feb ’16 DDGS Exports Increased 4.9% MOM but Remained 5.6% Lower YOY U.S. DDGS Exports Destined to China Rebounded Slightly off of the Previous 12 Month Low Feb ’16 DDGS Exports to China Increased 2.8% MOM but Finished 25.3% Lower YOY DDGS Exports to China Have Increased in Relative Importance Over the Past Several Years Product Destined for China Accounted for Over Half of U.S. DDGS Exports Throughout 2015 China Remained the Top Destination for U.S. DDGS Exports During Feb ’16 2015 Annual Export Volumes to China Finished Significantly Higher YOY