DTN Early World Grains

BULL
1/The May-to-July corn spread is nearing par, reflecting an increasingly bullish commercial outlook
2/The long-term commercial outlook for soybeans is bullish.
3/The winter wheat crop is coming out of dormancy earlier than normal, opening the door for possible crop condition problems.


BEAR
1/The corn market is pressing toward secondary (intermediate-term)trendline resistance.
2/The soybean market is sharply overbought and poised for a downside correction.
3/The stronger U.S. dollar index is expected to put pressure on wheat Wednesday.

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