Forget drought, demand rationing is corn's new master | consumers of corn, have seen their share shrink from more than 60 percent two decades ago to just 37 percent due to ethanol.

The USDA cut its forecast of corn use for ethanol in the 2012/13 marketing year by 400 million bushels this month to 4.5 billion bushels, the lowest in four years. …The USDA has already cut its outlook for 2012/13 exports to the lowest in 28 years, at just 1.3 billion bushels. ……Domestic livestock and poultry producers, traditionally the largest consumers of corn, have seen their share shrink from more than 60 percent two decades ago to just 37 percent due to ethanol. Please continue reading at:
http://www.reuters.com/article/2012/08/15/us-usa-corn-rationing-idUSBRE87E048...