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
All eyes will be on today’s Cattle on Feed Report, which analysts say could give a clearer picture of where the market goes next.
Corn and beef exports showed strong momentum, cotton sales surged, and soybean sales held steady, though China remains absent from the U.S. market.
Cheaper freight is helping exports move, especially corn, but weaker soybean demand looms large.
Disease risks remain a key factor to watch heading into fall.
Sen. Roger Marshall, a founding member and chairman of the Make America Healthy Again caucus, joined us with his thoughts on the commission’s latest report and the key ag-related issues.
Grain shippers face lower freight values thanks to weak soybean exports and strong rail service, but barge traffic and forward Gulf loadings suggest continued uncertainty as harvest ramps up.

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:

Reliable, clearly graded middle meats still anchor demand; programs that deliver consistent eating quality and simple, confidence-building menus capture more repeat visits—and more value—back through the beef chain.
Prepare for tighter cash flow, delayed capital buys, and policy-driven risk management this fall.
Plan for a cooler global trade market in 2026 with tighter margins on exports, potential rate shifts, and premiums for reliable deliveries into Asian and African growth markets.
George Baird, with the American Society of Farm Managers and Rural Appraisers (ASFMRA), joins us with updates on how this year’s rice harvest is shaping up.
Crop insurance remains a vital tool for managing climate-driven risk.
Expect firm demand for dependable HRS and SW, steady movement in HRW, more sorting on SRW, and selective bids on durum until full milling results are released.