DTN Early Word Grains
BULL
1) The seasonal index for corn remains bullish through mid-June.
2) The long-term commercial outlook for soybeans is bullish, as indicated by the inverted new-crop futures spreads.
3) Export demand for wheat continues to run ahead of USDA's projection.
BEAR
1) The corn market posted a bearish short-term technical signal Monday.
2) The short-term trend in soybeans has turned down, meaning additional noncommercial long-liquidation could be seen.
3) Wheat's long-term commercial outlook remains bearish.
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