[Nathan Zachary]

keep reading

[nathanbedford]

According to your source, we produce 16 billion bushels of corn and divert 2.3 billion bushels to biofuels. Of these 2.3 billion bushels about a half a billion equivalent is returned as distilled grain stocks. That is a net of 1.9 billion diverted, or nearly 12%.

All of these numbers come from this lobbying group in favor of subsidizing biofuels. If you take 12% of supply out of a market you will probably get a lot more than a 12% increase in price because price is affected at the margins.

How can you say that there is no diversion?