Ethanol under fire

Floodwaters aren't just damaging corn. They're washing away support for corn-based ethanol.

As corn prices keep setting records — another came Thursday — the beleaguered ethanol industry faces more critics shouting, "Enough!" Investors raced for the exits, too, as analysts Thursday warned of losses and urged dumping shares in ethanol makers.

"In the last 10 days, the world has changed in the corn market with massive flooding causing irreparable damage to this year's corn crop," said Citicorp analyst David Driscoll.