Global Ethanol Trade Strengthens Corn Demand and Margins as Exports Surge While Soybeans Stay Moderate

Corn export pace remains the bright spot, but stable ethanol export demand remains a critical support for corn markets.

Handling Grain Bard Waste DDGS for Sustainable Agriculture Applications_Photo by V.Semeniuk via AdobeStock_1424686711.jpg

Distiller Dried Grains (DDG)

WASHINGTON, D.C. (RFD NEWS) — U.S. grain export inspections strengthened last week, led by corn and wheat shipments, while soybean volumes eased from recent highs. The USDA reported 3.41 million metric tons of grain inspected for export during the week ending February 19 — up 40 percent from a year ago.

Corn inspections reached 2.01 million metric tons, 6 percent above last year and pushing marketing-year totals to 37.7 million metric tons — sharply ahead of last year’s pace. Mexico, Japan, Colombia, and China were key buyers.

Soybean inspections totaled 669,865 metric tons, down from the prior week and well below year-ago levels. Marketing-year soybean exports now stand at 25.0 million metric tons, trailing last year’s 36.9 million metric tons pace. China remained the top destination, with significant volumes also moving to Mexico, Egypt, and Southeast Asia.

Wheat inspections reached 535,113 metric tons, up 37 percent from last year. Marketing-year wheat exports total 18.2 million metric tons, running ahead of last year. Pacific Northwest ports handled the largest share, particularly soft white and hard red winter wheat shipments to Asia.

Sorghum exports remained firm at 200,287 metric tons, largely to China.

Farm-Level Takeaway: Corn export pace remains the bright spot, but stable ethanol export demand remains a critical support for corn markets.
Tony St. James, RFD NEWS Markets Specialist

Global Ethanol Trade Strengthens Corn Demand and Margins

Strong international fuel demand and late-year shipment growth pushed U.S. ethanol exports to record levels in 2025, reinforcing corn usage across rural production regions. Renewable Fuels Association data shows exports totaled 2.18 billion gallons shipped to more than 80 countries, up 13 percent from the previous year.

Export value reached $4.8 billion and $7.6 billion, including coproducts. December shipments alone climbed 4 percent to 220.3 million gallons — the second-largest monthly total on record — highlighting steady overseas reliance on U.S. supply. Canada remained the top buyer, followed by the European Union, India, the United Kingdom, and Colombia, while markets such as Jamaica, the Philippines, and Brazil expanded their purchases. The United States imported only about 4 million gallons, maintaining its status as a net exporter for the sixteenth consecutive year.

Exports of dried distillers’ grains (DDGS) totaled 11.6 million metric tons valued at $2.8 billion. Mexico led buying, with Indonesia, South Korea, and Vietnam also major markets despite late-year fluctuations.

Strong export activity helps stabilize ethanol plant utilization and supports corn grind even when domestic blending shifts.

Related Stories
Incremental trade clarity with India could support select U.S. ag exports, but major gains hinge on future market-access talks.
The phone call injected optimism into the soybean market, but actual Chinese buying and its timing will ultimately determine the extent of U.S. agricultural export benefits.
Regulatory uncertainty could slow the growth of fiber and grain hemp unless implementation is delayed.
Quick to prep and packed with flavor, this dish is a bold way to kick up any weekend spread.
Mexico has fallen behind by several hundred thousand acre-feet in required water deliveries to the United States, a shortfall that has had devastating consequences across the Rio Grande Valley.
U.S. Senator Roger Marshall of Kansas discusses expected changes to the 45Z tax credit and what they could mean for agriculture and rural America.

Tony St. James joined the RFD-TV talent team in August 2024, bringing a wealth of experience and a fresh perspective to RFD-TV and Rural Radio Channel 147 Sirius XM. In addition to his role as Market Specialist (collaborating with Scott “The Cow Guy” Shellady to provide radio and TV audiences with the latest updates on ag commodity markets), he hosts “Rural America Live” and serves as talent for trade shows.

LATEST STORIES BY THIS AUTHOR:

Federal assistance has helped, but the most recent row-crop losses remain on producers’ balance sheets.
Rebuilding domestic textiles depends on automation and vertical integration, not tariffs or legacy manufacturing models.
Strong supplies and rising stocks point to continued price pressure unless demand accelerates.
Seasonal price patterns can inform soybean marketing timing, particularly when harvest prices appear unusually strong or weak.
Low prices are painful now, but production response could support stronger milk markets later in 2026.
The U.S. trade deal with Argentina creates new export opportunities for U.S. livestock and crop producers but also raises competitive concerns.