Flagging ethanol market raises new questions about the fate of corn

Squeezed between high corn prices left over from flooded Midwestern fields, falling fuel prices and the credit crunch, the ethanol industry shows signs of anemia. Share prices fall, companies file for bankruptcy protection, and plans for new plants are shelved. Many industry executives see major consolidation in the forecast. As ethanol’s fate is sealed by corn prices, its decline may help to lower costs in a highly competitive market. Full Story: The New York Times