I read last summer in a farm paper that the price of corn was up more from world wide corn shortages than from ethanol. Corn prices started dropping around here before the gas price peaked. This article claimed that ethanol was using a small portion of corn compared to exports. It also claimed that the use of corn for ethanol had very little to do with higher food prices. I think the low corn price before gas peaked kinda proves the article was on the mark.
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