It now appears last Friday was a record volume trade for the corn complex. The index funds have now moved close to 300,000 contracts long which is the highest since February of 2007. While there is still room to add more contracts, they already committed a lot to this bull move. The nearby December 2010 contract has now gone premium to the December 2011 contract by more than 12 cents which has not been seen since 2008. Remember, when a market takes away carry it’s saying it wants your grain now. Finally, one has to believe the most bullish estimate on yields are now in the market at 158.4-bu. per acre, which could project a carryover below 785 million bushels.