First Thing Today
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.
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.