I agree with all of that, but there is also an additional reason - crop failures this year, either because of drought or flooding. I think the corn crop failure was something like 50% this year in my county alone.......and i have some farmer friends that lost entire crops and others who were only able to salvage 25% and none of that was for ethanol, some was for produce much most was feed corn.
I was unaware of that. We finally broke our 3 year drought this year.