U.S. DDGS Exports Update – Jul ’16

May ’16 U.S. DDGS Export Volumes Increased to an Eight Month High May ’16 DDGS Exports Increased 16.4% MOM but Remain Down 9.3% YOY Product 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 May ’16 DDGS Exports to China Increased to a Six Month High but Remain Down 66.3% YOY DDGS Exports to China Have Increased in Relative Importance Over the Past Several Years DDGS Export Volumes Destined to China Increased the Most YOY Over the Past 12 Months China Remained the Top Destination for U.S. DDGS Exports During May ’16