While the U.S. may see a shift to more corn plantings next year, there is not much that can be done to alleviate a tight supply/demand outlook for the 2008/2009 season. In fact, ending stocks and stocks/usage levels are already projecting t his season to be one of the tightest on record. There were some general thoughts that producer would be able to plant an extra 2-3 million acres above the March intentions report of 86 million, but the weather has not cooperated. It now appears that only around 86 million acres will be planted and that the growing season will be off to a slow start. Any weather problem which threatens to reduce yield potential will therefore be seen as extremely bullish for corn and leave the market in the post ion of "rationing" supply through higher prices.

For the full report view the PDF below.

 - June 2008 Hightower Special Report: Corn - 06.10.2008