Jul ’20 U.S. Ethanol Export Volumes Remained Near Recent Four Year Low Levels Jul ’20 U.S. Ethanol Export Volumes Declined 8.7% MOM and 38.2% YOY Jul ’20 U.S. Ethanol Export Volumes Reached a Six Year Seasonal Low Level The Jul ’20 YOY Decline in U.S. Ethanol Export Volumes was the Fifth Experienced in a Row Canada was the Top Destination for U.S. Ethanol Exports During Jul ’20 Jul ’20 U.S. Ethanol Volumes Destined to Brazil Declined Most Significantly YOY U.S. Ethanol Export Volumes Destined to Brazil Down the Most Over the Past 12 Months U.S. Ethanol Export Volumes Destined to Brazil are on Pace to Reach a Four Year Low Level Jul ’20 U.S. Ethanol Exports to Brazil Remained Near Recent Four and a Half Year Low Levels Jul ’20 U.S-Brazil Net Trade is Expected to Finish Negative for the Third Consecutive Month Brazil is Typically a Net Exporter of Ethanol Throughout the Month of July A 20% Tariff on U.S. Ethanol Exports Destined to Brazil Took Effect Beginning Dec ’17 Jul ’20 U.S. Ethanol Exports Destined to China Reached a 28 Mo High but 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 Jul ’19 12-Mo Rolling Average EU-28 Market Share Remained Near Six and a Half Year High Levels Aug ’20 Ethanol Exports are Projected to Remain Lower YOY, Down 39.8%