Jun ’18 U.S. Ethanol Export Volumes Rebounded From the Previous Month Jun ’18 U.S. Ethanol Exports Volumes Finished up 70.4% MOM and 57.1% YOY Brazil was the Top Destination for U.S. Ethanol Exports During Jun ’18, Followed by Canada Jun ’18 U.S. Ethanol Volumes Destined to the Philippines Increased Most Significantly YOY Jun ’18 U.S. Ethanol Export Volumes Destined to Brazil Remained Below Recent Record Highs Jun ’18 U.S. – Brazilian Ethanol Net Trade is Projected to Remain Positive A 20% Tariff on U.S. Ethanol Exports Destined to Brazil Took Effect Beginning Sep ’17 Brazil has Accounted for Over Half of the Total YOY U.S. Ethanol Export Growth Since 2016 U.S. Ethanol Exports Volumes Destined to China up Most Over the Past 12 Months 2017 U.S. Ethanol Export Volumes Destined to China Declined Sharply From the 2016 Highs Jun ’18 U.S. Ethanol Export Volumes Destined to China Were Minimal