When it comes to supply/demand analyses for corn, ethanol has taken over the top spot on the demand side of the equation, at least temporarily. Back in 2009/10 feed/residual use was 5.125 billion bu while corn used for ethanol was 4.591 billion bu, according to USDA. However, in 2010/11 corn used for ethanol rose to 5.021 billion bu while feed use fell to 4.793 billion bu. USDA predicts that ethanol will widen its lead over feed in 2011/12 with 5.0 billion bu of corn consumed for ethanol, but only 4.550 billion bu going for feed use.If USDA's projections for 2012/13 hold up, feed/residual will retake the lead with feed demand jumping up to 5.450 billion bu while corn for ethanol stays flat at 5.0 billion bu. Assuming that corn feeding in...