U.S. DDGS Exports Update – Oct ’16

Aug ’16 U.S. DDGS Export Volumes Increased Seasonally to an 11 Month High Aug ’16 U.S. DDGS Export Volumes Finished up 6.1% MOM but Remain Down 17.9% YOY DDGS Destined to China Declined Significantly on a YOY Basis, Offsetting Widespread Gains U.S. DDGS Export Volumes Destined to China Remain Significantly Below Recent Highs Aug ’16 DDGS Exports Volumes Destined to China Finished Down 65.0% YOY DDGS Exports to China Have Increased in Relative Importance Over the Past Several Years DDGS Export Volumes Destined to China Declined the Most YOY Over the Past 12 Months China Remained the Top Destination for U.S. DDGS Exports During Aug ’16