March Wheat finished up 18 1/2 at 783 1/2, 1 3/4 off the high and 27 1/2 up from the low. July Wheat closed up 16 1/4 at 822 1/2. This was 25 up from the low and 1 off the high. March wheat posted strong gains and closed near its highs today after trading lower overnight and into the start of the day session. The gains came despite marginal gains in the dollar into the day session as well as reports that non-food and fuel consumer inflation is running at the slowest pace in decades. The rally took the March contract to its highest level since December 13th. Traders said that drier weather in eastern Australia and the resumption of harvest progress kept the wheat market under pressure to start the week, although one analyst noted this morning that this appeared to already be priced into the market. The EU cleared 316,000 tonnes of wheat exports this week. Tunisia is tendering for 25,000 tonnes of soft wheat and 25,000 tonnes of durum wheat for delivery in the February-March timeframe according to traders. March Oats closed down 2 1/2 at 391 3/4. This was 4 3/4 up from the low and 5 1/4 off the high.

Bron: CME