March Wheat finished up 5 1/2 at 559 1/2, 5 3/4 off the high and 9 1/2 up from the low. July Wheat closed up 6 1/4 at 587 1/2. This was 10 3/4 up from the low and 4 1/2 off the high.

Wheat saw a quiet start to the day with very light trade during the session. The market closed early at 12:00 noon due to the holiday week. Rains continue to delay harvest progress in eastern Australia including the big wheat-producing state of New South Wales. It is feared that rain may also be reducing wheat quality. Rains in Argentina in recent days have been somewhat beneficial according to local sources, totaling up to 1.5 inches. Another 1.5 inches is expected in coming days, but these rains may be coming too late to benefit many wheat areas which are either too damaged or too close to harvest maturity. Wheat gained on corn today as the corn market traded lower during midday while Chicago wheat lost to KC. Egypt's official buying agency, GASC, bought 55,000 tonnes of US soft wheat wheat on a just-announced tender. This week's export sales were in line with trade expectations, but soft red sales plunged to just over 20,000 tonnes compared to 243,000 for hard red winter and nearly 106,000 for hard red spring. Total net sales for wheat, came in at 438,600 tonnes, all for the current marketing year. As of November 20, cumulative wheat sales stood at 75.0% of the USDA forecast for 2008/2009 versus a 5 year average of 66.5%. Sales of 248,000 tonnes are needed each week to reach the USDA forecast.

March Oats closed up 2 at 217. This was 5 up from the low and 6 off the high.