Feb ’20 U.S. Ethanol Export Volumes Increased to a 23 Month High Level Feb ’20 U.S. Ethanol Export Volumes Increased 37.2% MOM and 64.7% YOY Brazil and India Were the Top Destinations for U.S. Ethanol Exports During Feb ’20 Feb ’20 U.S. Ethanol Volumes Destined to India Finished Most Significantly Higher YOY Feb ’20 U.S. Ethanol Exports to Brazil Finished Higher YOY for the Second Consecutive Month Feb ’20 U.S – Brazil Net Trade is Projected to Finish Higher for the Fourth Consecutive Month U.S. Ethanol Exports Destined to India & Brazil Have Increased Significantly Over Recent Years U.S. Ethanol Export Volumes Destined to Brazil Down the Most Over the Past 12 Months A 20% Tariff on U.S. Ethanol Exports Destined to Brazil Took Effect Beginning Dec ’17 Feb ’20 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 Feb ’20 U.S. Ethanol Exports Market Share to the EU-28 Reached a Six Month High Level Mar ’20 Ethanol Exports are Projected to Decline YOY, Finishing Down 11.3%