date:Nov 26, 2012
ethanol, although some of it is later used as distillers grain for livestock feed, Abbott said. That's up from about 10-12 percent five years ago. The amount of corn that makes up the increase is more than we export.
Because the law requires that ethanol be produced, there is less corn available for other non-ethanol users, including foreign buyers and US livestock producers. The high demand for corn, coupled with the partially regulated market, has pushed corn prices higher.
Secondly, the US