Mar ’20 U.S. Ethanol Export Volumes Declined From the February 23 Month High Level Mar ’20 U.S. Ethanol Export Volumes Declined 32.6% MOM and 0.1% YOY Brazil and Canada Were the Top Destinations for U.S. Ethanol Exports During Mar ’20 Mar ’20 U.S. Ethanol Volumes Destined to Brazil Finished Most Significantly Lower YOY Mar ’20 U.S. Ethanol Exports to Brazil Declined YOY for the First Time in Three Months Mar ’20 U.S – Brazil Net Trade is Projected to Remain Positive for the Fifth Consecutive Month U.S. Ethanol Exports Destined to India & Brazil Have Increased Significantly Over Recent Years U.S. Ethanol Export Volumes Destined to Brazil Down the Most Over the Past 12 Months A 20% Tariff on U.S. Ethanol Exports Destined to Brazil Took Effect Beginning Dec ’17 Mar ’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 May ’19 Mar ’20 U.S. Ethanol Exports Market Share to the EU-28 Reached a 12 Month Low Level Apr ’20 Ethanol Exports are Projected to Remain Lower YOY, Down 66.4%