U.S. DDGS Exports Update – Mar ’16

Jan ’16 U.S. DDGS Export Volumes Declined to a 12 Month Low Jan ’16 DDGS Exports Declined 19.0% MOM but Finished up 12.9% YOY U.S. DDGS Exports to China Declined to a 12 Month Low but Remained up on a YOY Basis Jan ’16 DDGS Exports to China Declined 3.1% MOM but Finished up 28.9% YOY DDGS Exports to China Have Increased in Relative Importance Over the Past Several Years Product Destined for China Accounted for Over Half of U.S. DDGS Exports Throughout 2015 China Remained the Top Destination for U.S. DDGS Exports During Jan ’16 Jan ’16 YOY DDGS Export Growth to China & Mexico Outpaced the Overall Growth Rate 2015 Annual Export Volumes to China Finished Significantly Higher YOY