DTN Early Word Grains

BULL
1) Domestic and global corn ending stocks are expected to decrease in Tuesday's USDA reports.
2) South American soybean production is expected to be trimmed again decreasing global ending stocks. 
3) Wheat ending stocks are expected to be reduced slightly in Tuesday's reports.


BEAR
1) The corn market continues to struggle with short-term technical resistance levels.
2) Weaker national average soybean basis could be hinting at a slowdown in demand, even if only short-term.
3) Despite projected reductions in ending stocks, the fundamental situation in wheat is expected to remain bearish.

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