May Wheat finished down 10 at 727 1/4, 14 1/2 off the high and 2 up from the low. July Wheat closed down 9 1/2 at 763 1/4. This was 2 up from the low and 13 3/4 off the high. May wheat closed near the lows and down more than 10 cents on the day but managed an inside trading session. July KC wheat managed some support from the weather to trade at the highest level since March 9th before closing lower on the day. The market pushed lower early in the session but ideas of a stressful weather forecast for the central and western sections of the southern plains helped to support the market on the early break. A recovery in soybeans ahead of the USDA reports for release in the morning also helped support the market but active selling late in the day helped to pressure the market to the lows late. Private exporters reported to the USDA that 150,000 tonnes of US hard red winter wheat was sold to unknown destination for the 2011/12 marketing year. While the India government will likely wait for more yield information on the wheat harvest before allowing significant exports, traders see the government eventually allowing 2-3 million tonnes. On top of a near record or record crop, India stocks as of March 1st are at 17.2 million tonnes, more than double the government target of 8.2 million tonnes. Traders see spring wheat plantings coming in near 13.7 million acres, virtually unchanged from last year but total wheat plantings are pegged at 57.2 million, up from 53.6 million last year. March 1st wheat stocks are thought to be near 1.4 billion bushels, up from 1.356 billion bushels last year. Estimates range from 1.275 billion to 1.488 billion. Traders see weekly export sales this week, for release ahead of the opening, near 600,000 tonnes from 745,800 tonnes last week. May Oats closed down 1 1/2 at 349 1/2. This was 5 1/4 up from the low and 2 1/4 off the high.