U.S. DDGS Exports Update – Mar ’17

Jan ’17 U.S. DDGS Export Volumes Rebounded from the Dec ’16 Nine Month Low Jan ’17 U.S. DDGS Export Volumes Finished up 8.7% MOM and 17.1% YOY Mexico Remained the Top Destination for U.S. DDGS Exports During Jan ’17 Jan ’17 DDGS Exports Destined to China Remained Significantly Lower on a YOY Basis Jan ’17 DDGS Exports Destined to China Rebounded Slightly From the Dec ’16 Two Year Low Jan ’17 DDGS Exports Volumes Destined to China Remained Down 60.1% YOY The Market Share of DDGS Exports Destined to China Declined to a Five Year Low During 2016 Declines in DDGS Exports Destined to China Have Offset Widespread Gains to Other Countries