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| | | "The corn planting season is here." The South has been planting and as soon as it dries in the North, plantings will kick-off. Intentions of corn acres in the March report was for 97 million acres to be planted. Supplies of corn could become very burdensome with a normal U.S. crop. The corn market has a function of discouraging some acres from being planted. With the insurance price established, reducing acreage may be hard unless a planting season problem develops. The crop year ahead begins to look like one of survival. For insurance for the year, take a hard look at hedging some Dec 21 corn to buy time for market adjustments. | | | | | | | | |
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