U.S. DDGS Exports Update – Jan ’16

Nov ’15 U.S. DDGS Exports Continue to Decline From the Record High Experienced in Jul ’15 Nov ’15 DDGS Exports Declined 5.7% MOM but Remained 49.2% Higher YOY U.S. DDGS Exports to China Declined to a Ten Month Low but Remain up Sharply YOY Nov ’15 DDGS Exports to China Declined 20.3% MOM but Remained Significantly Higher YOY DDGS Exports to China Have Increased in Relative Importance Over the Past Several Years Product Destined for China and Mexico Accounted for Over Half of U.S. DDGS Exports in 2014 Nov ’15 DDGS Exports by Destination Were Similar to the 2014 Annual Distribution Nov ’15 YOY Export Volumes to China Accounted for Over 90% of the Overall YOY Gain 2015 YTD Increases in YOY Volumes to China Have Been Significant Through Nov ’15