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
Georgia has regained its HPAI-free status after a swift response to October’s detection. Commissioner Tyler Harper urges producers to stay vigilant and maintain biosecurity.
While this month’s WASDE report will not include updated figures on U.S. crop size, officials say it will offer a clearer picture of crop conditions in the Southern Hemisphere.
USTR Jamieson Greer signals a narrower trade deal with China, adding more market uncertainty. The Farm Bureau also supports reviewing China’s missed trade commitments under the Phase One.
Southern producers head into 2026 with thin margins, tighter credit, and rising agronomic risks despite scattered yield improvements.
Record yields and exceptionally low BCFM strengthen U.S. corn’s competitive position in global markets.
Credit stress is building for row-crop farms despite steady land values and slight price improvements.

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:

Smaller U.S. production and steady global demand could provide better pricing opportunities in 2026.
Higher yields are cushioning lower acreage, but reduced production could support firmer potato prices into 2026.
Producers across the country balanced winter weather disruptions, shifting export demand, and tightening margins as year-end decisions come into focus.
Reviewing risk management now can help dairy and livestock producers enter 2026 with clearer margins and fewer surprises.
Stronger rail movement and lower fuel prices are easing logistics, even as export pace and river conditions remain uneven.
Small, locally focused wineries are finding resilience through direct sales and regional loyalty rather than scale alone.