Corn

Although corn was very late to the party, it has finally reached and breached new highs. It's about time, as cotton, wheat, soybeans, alfalfa and just about every other ag commodity you can think of have been on a tear for the last six months. The popular July contract has been stronger than December and probably reflects traders' expectations that farmers will increase production in order to meet demand over the summer. Certainly, corn's strong showing of late would justify more acres for farmers, but the same can be said for cotton, wheat, soybeans, etc. I would not count on any of the major ag commodities being over produced in significant fashion this year. There is just too much competition for the acreage. This year marks a unique opportunity for farmers across the US. Everything you can produce is valuable and enjoys a competitive advantage versus the world with an inexpensive US dollar. Its time to 'make hay' and get while the getting is good....