U.S. ethanol exports soared to a record 1.72 billion gallons by November 2024, surpassing the previous high of 1.67 billion gallons set in 2018, according to Census Bureau data. “It wasn’t always the easiest times for corn producers, because commodity prices came down, but that led to ethanol being highly competitive in both the U.S., and on the international market,” said RFA Chief Economist Scott Richman. “Canada is by far the number one destination, takes a little bit more than a third of the exports. And then following that, you’ve got the United Kingdom, the European Union, and India.” With one month of data remaining, exports are projected to reach nearly 1.9 billion gallons, accounting for 12% of U.S. production.
