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Webb Simpson, a two-time winner last year, carded a six-under 65 and is alone in second place. Harrison Frazar, Kevin Na, Chez Reavie, Derek Lamely and Jarrod Lyle are tied for third after posting five-under 66s.
They were joined there by Bubba Watson, Spencer Levin and Jason Dufner. Watson and Levin both finished 15 holes, while Dufner is through 13.
Palmer and Simpson both started their rounds on the back nine. Palmer poured in a 14-footer for birdie on the 10th. He birdied both par-fives, 13 and 15, to move to minus-three.
That run of three straight birdies gave Palmer a two-stroke lead. His run ended on the seventh, where he tripped to a bogey to cut his margin to one. Palmer two-putted for par on the final two holes to cap his round.
Simpson opened with four pars in a row. He flew up the leaderboard with six birdies in the next seven holes. That spurt started with a 13-footer at 14 and kick-in birdie on the 15th.
After making par at the raucous par-three 16th, Simpson drained a 22-footer birdie on 17 and followed with a six-foot birdie putt on 18.
Simpson climbed to minus-seven when he sank a 16-foot birdie try on the fifth. His drive landed in the rough on the sixth and that led to Simpson's only bogey of the day.
Two-time winner Phil Mickelson posted a three-under 68 and is tied for 19th. That was his first sub-par opening round of the year.
Half of the field teed off in round two, but no one completed the round. Everyone will return on Saturday to complete the second round. Play begins at 8:45 a.m. local time.
"The course is still on the verge of playable, but there's no point sending the guys out for an hour or two on a marginal course," said tournament director David Probyn. "The winds will be down a notch tomorrow and decreasing during the day, while the forecast for Sunday is for much calmer conditions."
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Chiefs' Treen Green out for Sunday's game
How long Trent Green will remain sidelined is unknown. Coach Herm Edwards said Monday he will miss a second straight start Sunday when the Chiefs host the San Francisco 49ers.
A two-time Pro Bowler, Green was going into a feet-first hook slide when he was knocked unconscious by a thunderous, head-snapping hit from Cincinnati's Robert Geathers.
Oddsmakers at online sportsbook MySportsbook.com currently have the Chiefs listed as 7-point favorites versus the 49ers.
The 49ers got beat by Philadelphia 38-24 as a 6.5-point underdog last week. The combined score went OVER the posted over/under total (42.5).
Alex Smith completed 27-of-46 passes for 293 yards with a touchdown. Michael Robinson rushed for 29 yards and a pair of touchdowns on five carries.
The Chiefs lost 9-6 to Denver last week as an 11-point underdog. The combined score was well UNDER the posted over/under total (38).
Larry Johnson rushed for 126 yards on 27 carries. Damon Huard completed 17-of-23 passes for 133 yards with no touchdowns and no interceptions.
To visit this online sports book got to MySportsbook.com for all your football betting needs.
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