“...and just a couple of weeks ago, the EPA announced that they would mandate an increase of ethanol usage in gasoline by 50%! 40% of the US corn crop was already going into ethanol. Do the math! And corn in storage is near 35-year lows already. It’s a good thing this grain has a golden color because it will be worth its weight in the yellow metal soon.”
And after the corn is used in ethanol production, it is used for animal feed.
Which was the majority of the US field corn market in the first place.
Here’s a listing of various animal feed products and prices:
http://agebb.missouri.edu/dairy/byprod/AllCompanies.asp
See that “distillers grain” in the listings? That’s the by-product of ethanol production. “Wet” means just that, “dried” means the moisture was cooked off for denser transport.