July SRW wheat futures reached a four-week high during overnight trade.
Wheat led overnight price gains after an unexpected drop in crop ratings.
Wheat, corn and soybeans are higher to start the week. Cattle and hogs are choppy, but mostly lower...
Focus will remain on trade developments and crop weather.
Potential quiet end to the week comes after earlier volatile price action.
Limit-down trade in soyoil tied to concerns the renewable diesel target for next year may be lower than expected and sharply lower trade in crude oil.
July soybean futures reached their highest level since Feb. 11 during overnight trade.
Wheat futures fell to contract lows overnight.
Soybean futures are sharply higher with corn mildly higher and wheat mixed. Cattle futures are poised to challenge highs, and lean hog futures are moderately to sharply higher to start the week...
USDA’s May crop reports are out later this morning.

Brian Grete