December wheat was down 5 3/4 cents late in the overnight session. Outside market forces look negative today with a sharp rally in the US dollar and weakness in the stock market. Fears that the spring wheat production and ending stocks could tighten further helped support the surge higher in Minneapolis wheat yesterday to spark a short-covering bounce in Chicago. With re-surveys in the northern plains states due to late harvest, some traders see smaller spring wheat acreage. December wheat surged higher on the session yesterday and experienced the highest close since October 11th. Early support came from a more positive tilt to outside market factors but a surge higher in Minneapolis helped support a short-covering trend in Chicago. Funds held a hefty net short position in Friday’s COT report. A weaker US dollar and strength in the other grains helped to support the market and pushed December wheat to the highest level since October 12th. France exported 1.6 million tonnes of wheat in September which pushed the 3-month total for the season to date to 4.4 million tonnes which is down 10% from last year. December Minneapolis wheat pushed to the highest level since June 9th to a peak of 968 but traded back to near 944 into the close. Traders see a drop in ending stocks of about 20 million bushels from 837 million last month for the supply/demand update this morning. Traders also see a slight tightening of world ending stocks from 202.37 million tonnes last month due to expanding feedwheat consumption.