The operating environment for corn ethanol producers is fast becoming catastrophic. 90% of Americans now find themselves under "stay-at-home" orders from their local governments. Many of the remaining 10% are likewise engaged in strict social distancing measures in accordance with White House guidelines that are in effect until at least April 30. Gasoline demand had already plummeted by 27% YoY at the end of March and is expected to decline further given this expansion of social distancing nationwide. Demand for ethanol, which is directly linked to gasoline consumption until the end of 2020, is well