Jun ’20 U.S. Ethanol Export Volumes Rebounded From the Previous Month’s 47 Month Low Jun ’20 U.S. Ethanol Export Volumes Increased 20.1% MOM but Remained Down 35.8% YOY Jun ’20 U.S. Ethanol Export Volumes Reached a Four Year Seasonal Low Level The Jun ’20 YOY Decline in U.S. Ethanol Export Volumes was the Fourth Experienced in a Row Canada and the EU-28 Were the Top Destinations for U.S. Ethanol Exports During Jun ’20 Jun ’20 U.S. Ethanol Volumes Destined to Brazil Declined Most Significantly YOY U.S. Ethanol Export Volumes Destined to Brazil Down the Most Over the Past 12 Months U.S. Ethanol Export Volumes Destined to Brazil are on Pace to Reach a Four Year Low Level Jun ’20 U.S. Ethanol Exports to Brazil Declined to a Four and a Half Year Low Level Jun ’20 U.S-Brazil Net Trade is Expected to Finish Negative for the Second Consecutive Month Brazil is Typically a Net Exporter of Ethanol Throughout the Month of June A 20% Tariff on U.S. Ethanol Exports Destined to Brazil Took Effect Beginning Dec ’17 Jun ’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 Jun ’19 12-Mo Rolling Average EU-28 Market Share Increased to a Six and a Half Year High Level Jul ’20 Ethanol Exports are Projected to Remain Lower YOY, Down 16.6%