First Thing Today
Soybeans mildly weakened during overnight trade.
Grain traders mostly focused on weather, but trade happenings remain on the radar.
Corn, soybeans and wheat poised to post strong weekly gains.
Crude oil futures are under pressure and the U.S. dollar index is firmer.
July SRW wheat futures reached a four-week high during overnight trade.
Wheat led overnight price gains after an unexpected drop in crop ratings.
Focus will remain on trade developments and crop weather.
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.