Making green with ethanol
Financial investors and commodity traders are paying closer attention to the US corn crop, due to the potential impacts it may have on the growing ethanol market. Daven Voorhies explains
Last year saw a strong US corn crop: the harvest totalled a near record of 11.11 billion bushels (bbu). 50% of the annual crop is used as livestock feed. But currently, the next largest use of corn is its distillation into ethyl alcohol (ethanol) for use as a fuel additive. With support from US state and federal governments, corn has successfully crossed over into the transportation sector and taken 14% of the crop. Corn is also pervasive in the food chain, and another 19% of the crop is
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