According to the USDA the actual rate of usage equates to something like 23% of corn crop and we still have a world surplus. http://community.nasdaq.com/News/2012-04/ethanol-unlikely-to-support-corn-prices-this-year.aspx?storyid=135913http://www.ethanolrfa.org/page/-/objects/documents/1898/corn_use_facts.pdf
According to the USDA the actual rate of usage equates to something like 23% of corn crop and we still have a world surplus.
ReplyDeletehttp://community.nasdaq.com/News/2012-04/ethanol-unlikely-to-support-corn-prices-this-year.aspx?storyid=135913
http://www.ethanolrfa.org/page/-/objects/documents/1898/corn_use_facts.pdf