Dec ’19 U.S. Ethanol Export Volumes Increased to an Eight Month High Level Dec ’19 U.S. Ethanol Export Volumes Increased 32.2% MOM and 9.8% YOY Canada and Brazil Were the Top Destinations for U.S. Ethanol Exports During Dec ’19 Dec ’19 U.S. Ethanol Volumes Destined to India Finished Most Significantly Higher YOY U.S. Ethanol Exports Destined to India & Brazil Have Increased Significantly Over Recent Years Brazil has Accounted for 40% of the Total YOY U.S. Ethanol Export Growth Since 2016 U.S. Ethanol Export Volumes Destined to Brazil & China Down the Most Over the Past 12 Mo Dec ’19 U.S. Ethanol Exports to Brazil Remained Lower YOY for the Third Consecutive Month Dec ’19 U.S. – Brazilian Ethanol Net Trade is Projected to Finish Slightly Positive A 20% Tariff on U.S. Ethanol Exports Destined to Brazil Took Effect Beginning Dec ’17 Dec ’19 U.S. Ethanol Export Volumes Destined to China Remained Minimal 2019 Annual U.S. Ethanol Export Volumes Destined to China Reached a Seven Year Low Level The EU-28 Declined to Reinstate Anti-Dumping Duties on U.S. Ethanol Exports During May ’19 Dec ’19 U.S. Ethanol Exports Market Share to the EU-28 Reached a Three Month High Level Jan ’20 Ethanol Exports are Projected to Remain Higher YOY, up 7.8%