December wheat opened unchanged at 838 this morning and established an early trading range of 833 to 847 1/2. Wheat opened weaker than initially expected and traders said that this was in sympathy with a lower open in corn and soybeans that followed a sharp drop in crude oil prior to the open. Wheat rallied from its early lows on a lack of sell orders as well as active spreading of wheat versus corn according to floor traders. The western Australian wheat belt is expected to see scattered rain this week which will be beneficial. Wet weather in Hungary over the past 30 days has slowed harvest there and is raising minor concerns over quality. Japan bought 66,000 tonnes of wheat on its regular weekly tender. Iran is expected to resume imports of wheat soon and may book totals as high as 1 million tonnes a month according to reports from Iran that cite the Deputy Minister of Commerce. The CRB Index dropped to a new 7-week low this morning on the sell off in energy, grains and other markets.