Miller Magazine Issue: 155 November 2022

NEWS coarse grain products. Canada remains the top year-over- year market for U.S. ethanol in 2021/22, setting records both monthly and yearly, with exports totaling 466 Mgal (165 million bushels), worth $1.4 billion, up over 30% from 2020/21. Due to a short wheat and barley crop in Western Canada, the country increased its imports of U.S. corn and DDGS in 2021/2022, and had strong ethanol import numbers. TOP THREE COMMODITIES Corn: U.S. corn exports totaled 63 million metric tons (2.5 bil- lion bushels) in MY 2021/22 (worth $19 billion), down 7 MMT, from MY 2020/21, making up for more than 5% of total MY 2021/2022 commodity exports. Nearly all top 10 countries remain unchanged from 2020/21, with movements in rank primarily due to Canada’s record corn purchases. While exports to China decreased from more than 21 MMT in 2020/21 to 14.7 MMT in 2021/22, exports to Canada more than tripled, totaling a record 6 MMT (240 bush- els), worth nearly $2 billion, placing it as the fourth-largest market. More than 60 countries purchased U.S. corn in MY 2021/22. Ethanol: U.S. ethanol exports saw their third-largest marketing year on record, totaling 1.45 billion gallons (515 million bushels) in 2021/22, worth $4 billion, up 230 million gallons from 2020/21, making up over 11% of total MY 2021/2022 commodity exports. Ethanol remained a robust and diversified market with 79 coun- tries purchasing in 2021/22. Total marketing year exports were up in eight of the top 10 markets, with Canada, the EU, Nigeria, Singapore and the UK all hitting new records for ethanol exports. “Building upon the momentum for MY2021/2022, we look next to assist countries in creating their own clean fuel standard or discretionary blend levels that would incentivize ethanol consumption, and we will continue to discuss how U.S. ethanol can easily be implemented within existing world infrastructure as a right here-right now solution to carbon mitigation strate- gies,” said USGC Vice President Cary Sifferath. DDGS: U.S. DDGS exports totaled 11.6 MMT (455 million bushels), worth $3 billion in 2021/22, nearly equal to 2020/21. Mexico, Vietnam and South Korea remain the top three markets from last, making up for 9% of total MY 2021/2022 commod- ity exports. More than 50 countries purchased U.S. DDGS in 2021/22. “As the world continues to recover from effects of the glob- al pandemic, along with logistical issues and grain trade flow changes due to the conflict in the Black Sea region, it is very impressive to see our GIAF number for the 2021/2022 market- ing year come in at over 122 MMT. While down a bit from last year’s all time historical record high of 129 MMT, to see U.S. GIAF, especially our ethanol export numbers perform so well, is a great tribute to USGC’s members and their dedication to the development of GIAF exports to all markets globally,” Sifferath said.