DTN Early Word Grains


BULL
1) The May corn contract has rallied off its test of technical support and could extend its gains Friday with support from soybeans. 
2) The ongoing port strike in Argentina could continue to keep export demand interest on U.S. soybean supplies.
3) Spillover support from the other grains combined with the lower U.S. dollar index should help wheat trade higher Friday.


BEAR
1) Commercial buying in corn has slowed recently, as indicated by the action in the May-to-July futures spread.
2) The minor (short-term) trend in soybeans remains down.
3) Export demand for U.S. wheat remains slow.


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