December Wheat finished up 22 1/2 at 857 1/4, 5 1/4 off the high and 37 up from the low. September Wheat closed up 23 at 834. This was 37 1/2 up from the low and 5 off the high.

The wheat market opened lower this morning and moved sharply lower in early trade. Prices traded above the lows into during mid session and into early afternoon. Traders said that the weakness came in sympathy with sharply lower corn and soybean markets which fell today due to favorable crop weather in the US and the Argentine Senate's rejection of that country's controversial export tax. Traders said that wheat and the other grains also came under pressure due to a declining crude oil market after mid morning. Chicago December wheat lost to KC wheat on the day and Chicago also lost to Minneapolis wheat. Tunisia bought 25,000 tonnes of wheat today in a scheduled tender that reflects continued strong activity on the wheat tender calendar. Also reflecting that demand was another strong USDA Export Sales Report this morning. It showed net sales of wheat at 748,600 tonnes which was again above trade expectations and well above the weekly total needed to reach the USDA projections. Sales of 357,700 tonnes are needed each week to reach the USDA projection for the current marketing year. Total sales to date stand at 39.0% of the projected total compared to a 5-year average of 24.8%. The EU approved exports of 234,000 tonnes of wheat in the latest week bringing the total for the year to 414,000 tonnes.

September Oats closed down 4 at 428. This was 1 up from the low and 3 off the high.