By Tara Desmond
Despite shifting trade dynamics, U.S. corn and ethanol continue to find strong demand around the world. The U.S. is on track for a record 3.3 billion bushels of corn exports this marketing year (ends Aug. 31), with Mexico alone accounting for more than 1 billion bushels. This is the first time the U.S. has exported that much corn to a single customer.
Ethanol exports are also on pace for a third consecutive record year, reaching about 2.35 billion gallons. Canada is currently the top market, importing an estimated 850 million gallons, while Mexico and Japan represent significant future growth potential.
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