No need to "divert" it. Last time I talked to my corn-farming relations, they said >80 of the biomass of Corn used in ethanol production ends up as feed (the big golden pile in the photo below)... and food.
So there's not as much divertable over-production as your post might lead one to believe.
Furthermore, they know these production levels aren't long-term sustainable. Got Water and Fertilizer?
We're one good drought away from TSHTF. Let alone one like that which created the Nebraska Sand Hills...
Ok
Had to look that one up
The last estimate was 95.55%
http://tshtf.com/