August ethanol exports down 10% to 8-month low of 102.3M gallons

In Washington, August U.S. ethanol exports scaled back 10% to 102.3 million gallons (mg)—a low for the year yet the eighth straight month to top 100 mg. Canada was our largest destination for the 29th consecutive month with exports of 62.4 mg, just 0.2% shy of last month’s record. As such, our northern neighbor accounted for nearly two-thirds of total August sales. Exports to the United Kingdom pared back 19% to 13.5 mg. Colombia increased its U.S. imports by 151% to 10.7 mg, the largest monthly volume in almost 3 years. Shipments to the European Union dropped 24% to 5.4 mg, the lowest imports this year. Essentially all remaining ethanol exports were destined for Peru (4.5 mg), Mexico (2.1 mg), Singapore (2.0 mg), and Jamaica (1.3 mg). Brazil and India again were notably absent from the market. Year-to-date ethanol exports total 920.5 mg, which lags 7% behind last year at this time.

The U.S. imported 10.5 mg of undenatured ethanol from Brazil and minimal gallons of denatured ethanol from Austria and France. This was the first month of substantive imports recorded in 2023.