The coronavirus economic lockdown caused ethanol demand thus corn usage to plunge this year but the long-term shows a limited future for the biomass-based fuel. Using projections for all-electric and hybrid automobiles sales, Bloomberg analysts forecast a return to conventional internal combustion engine use but not a full one, and one that eventually declines over time.   Over the next decade, demand for corn derived ethanol is likely to decline by nearly 15 percent. This will result in increases in corn carryout unless production slows or new sources of demand are developed.  ...

TAGS – Feed Grains, Biofuels, North America