Specialty corn buyers end up selling to ethanol market anyway

In Illinois, Reuters reports that corn farmers who sought to move away from yellow corn for ethanol in the face of a supply glut with four-year low prices and shift into specialty corn like white corn, organic and non-GMO have instead flooded those specialty markets as well. Now, instead of $1 per bushel premiums they’re seeing just 5 cents per bushel, or even below the cost of production, and may have to sell into ethanol markets anyway.