Early Corn Planting Up: Likely too early to effect anything

http://blogs.dtn.com/roller/grainmarkets/entry/200703131

A lot of industry will be looking at early indicators of corn planting. Here's the first corn planting report I've seen.

The whys of why this is being watched are:

1. High corn acres mean high nitrogen demand and higher fertilizer prices
2. High corn acres mean more corn ( more supply). That could result in lower price across the board.

I've said it's early and the post stated that too. Early market reports point to short term selling. Remember it's early.