Wrong.
Like many, you fail to take into account the fact that a large portion of the corn in the ethanol production process ends up as cattle feed.
I don't know why so many are so intent on continuing to push this sort of false information.
I guess you'd rather that those literal mountains of Midwestern corn would be sold for a pittance and shipped to China to have value added.
I'd rather burn corn than Saudi oil, thanks.
Ethanol: Don't worry, we'll grow more!
;-)