Corn condition report today came in grim, sending the CBOT price up limit 30 cents all the way to next May. December corn is now $7.32 / bu meaning that some of the fleet of ethanol plants would have to operate at a loss just to provide cash flow to pay back their loans. Doing that, they keep the price of corn high, and the price of ethanol low. Look for the ag lobby to quickly get on the horn to their congressmen, resulting in the ag department to pay the ethanol plants to idle. They will all probably want to keep the tariff against Brazilian sugar ethanol in place hoping for a better crop next year.