Sep ’19 U.S. Ethanol Export Volumes Declined to a Four Month Low Level Sep ’19 U.S. Ethanol Export Volumes Declined 15.4% MOM but Remained up 1.8% YOY Canada and Brazil Were the Top Destinations for U.S. Ethanol Exports During Sep ’19 Sep ’19 U.S. Ethanol Volumes Destined to Brazil Finished Most Significantly Higher YOY U.S. Ethanol Exports Destined to India & Brazil Have Increased Significantly Over Recent Years Brazil has Accounted Nearly Half of the Total YOY U.S. Ethanol Export Growth Since 2016 U.S. Ethanol Export Volumes Destined to China & Brazil Down the Most Over the Past 12 Mo Sep ’19 U.S. Ethanol Exports to Brazil Increased YOY for the Second Consecutive Month Sep ’19 U.S. – Brazilian Ethanol Net Trade is Projected to Remain Slightly Negative A 20% Tariff on U.S. Ethanol Exports Destined to Brazil Took Effect Beginning Dec ’17 Sep ’19 U.S. Ethanol Export Volumes Destined to China Remained Minimal 2018 U.S. Ethanol Export Volumes Destined to China Remained Sharply Below the 2016 Highs The EU-28 Declined to Reinstate Anti-Dumping Duties on U.S. Ethanol Exports During May ’19 Sep ’19 U.S. Ethanol Exports Market Share Destined to the EU-28 Remained Elevated Oct ’19 Ethanol Exports are Projected to Finish Lower on a YOY Basis