US ethanol demand could drop 20% in 2012

In Illinois, new research from the University of Illinois shows that actual demand for ethanol in 2012 could be up to 20% lower than expected because companies have been banking RINs, meaning that real demand for corn could be much lower than expected. Up to 2.5 billion gallons worth of RINs could be banked, meaning 1 billion fewer bushels of corn needed for ethanol production.