Accommodating weather last week literally created fertile ground for a record corn planting pace, with a full 43% of the U.S. corn crop getting into the ground over the seven day period from Sunday to Sunday. U.S. farmers are expected to plant 97.3 million acres of corn this year, so 43% of that is an area roughly the size of Wisconsin. That's a lot of corn. Hedge fund buyers of corn underestimate the power of modern farming techniques at their own peril. Yes, we are sticking with our bearish bias on corn.
