Your kidding. Right?
Are u claiming the world no longer needs America's food bounty?
It is more than ridiculous to claim food crops diverted to tge unprofitable production of ethanol is beneficial to the country's economy.
Nobody eats #2 Yellow Dent corn at the kitchen table.
It's used as animal feed (mainly hogs), ethanol, sweetner, starch, and a host of minor things, but not human food.
Corn yields are skyrocketing with advancements in genetics. Corn that got 150 bu/acre fifteen years ago now get 225. Beans are going the same direction. The laws of supply and demand still exist, and right now cash elevator prices are slightly above $4.00/bu, barely breakeven for even large farmers. Beans aren't much better.
It's not the first time we've had a glut of corn by far, people should be wise of history to understand the current environment.
So I'm not going to cry about ethanol demand, right now it's propping up the market.