First Thing Today
Potential quiet end to the week comes after earlier volatile price action.
July soybean futures reached their highest level since Feb. 11 during overnight trade.
USDA’s May crop reports are out later this morning.
General market risk appetite is up after the U.S./UK trade deal and weekend talks with China.
Soybeans led a round of gains in the grain and soy complex overnight ahead of an expected trade deal with Britain and upcoming U.S., China talks.
U.S., China to hold trade talks in Geneva this weekend.
Corn and winter wheat markets were supported by light corrective buying overnight, while soybeans and spring wheat faced light followthrough selling.
President Trump teases imminent trade deals but details lacking.
Traders await weekly export sales data later this morning.
Winter wheat markets modestly rebounded from contract lows earlier in the overnight session.