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Corn futures are mostly 1 cent per bushel higher this morning. They led the way higher on Tuesday, up 3 to 5 3/4 cents, with the emphasis on continued delays in northern corn planting. Preliminary open interest showed net new buying of 8,819 contracts. Consultant Informa estimates that the US will plant 89 million acres of corn in 2018, higher than the March USDA number of 88 million acres. Planting progress across the Corn Belt moved at a decent pace last week as IL, IN, NE and OH are all ahead of their average pace. Progress in IA was 5% below the normal pace at 65%. The main delays are in the Upper Midwest. The crop was at or above average for emergence in most Corn Belt states.

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