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News Link • Biofuel

Corn Exports Shrivel as U.S. Ethanol Demand Grows

• http://www.technologyreview.com, Mike Orcutt
 

As an increasing amount of U.S. corn is being used to meet rising ethanol demand, the United States—the world’s dominant producer and exporter of corn—is exporting less.

The first chart shows how the use of U.S. domestic corn has changed over time. The portion of U.S.-grown corn used to make fuel reached 40 percent last year, and will be about the same this year, according to the U.S. Department of Agriculture. At the same time, the worst drought in half a century throughout the Midwest corn belt has led to severely shrunken forecasts for this year’s United States corn crop, raising concerns that exports will further decrease, intensifying the risk of an international food crisis.

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