(Futures Mag) – Corn: Money inflows have been large on reports but over the longer-term outlook, it still appears liquidation is the preferred method. Even with this said, we still look for a turnaround-Tuesday bounce. All of a sudden, bulls are back on the defensive and need 732-1/4 to hold. That should be the level to watch this entire week…Ryan Ettner
Soybeans: Using USDA latest stocks-to use ratio, we feel beans have fair economic value at the $15.00 level. Traders should keep a sharp eye on the weather in South America, the fund long liquidation and Chinese demand as these three fundamentals will determine the soybeans market direction over the next few weeks…Jim McCormick
Wheat: Winter wheat planting pace was seen at 71% complete this afternoon. This is right on the average pace for this week. Emergence, at 36%, is behind the normal 44% rate. Soil moisture is still a concern in the Plains. Look for wheat to continue to move sideways to lower in the channel it has been trading in…Cordon Sroka
