March wheat was up 5 1/4 cents late in the overnight session. Outside market forces look mostly positive today with the US dollar slightly lower and a firm tone to the stock market. There were no new deliveries against the December contract this morning for the fourth day in a row, with month-to-date at 1,444. Just after the close yesterday afternoon, Egypt announced a tender. Traders will the sale price closely to judge how aggressiveBlack Sea producers are willing jto be to hold market share this season. Last week Egypt bought mainly Argentine wheat. The bearish news from the USDA reports on Friday helped to pressure the market early yesterday, but shorts seemed to be jittery about the potential for a recovery bounce, and the market was unable to add to the downside. Dry weather concerns for South America for the developing corn and soybean crops may have been enough to support a strong short-covering trend for wheat early in the day, and this helped turn the market from moderately lower on the day to higher on the session into the mid-day. But then outside market forces helped to pressure the market, as it absorbed a strong US dollar and weakness in the equity and metals markets. March KC wheat closed down 9 1/4 cents, and this helped pull Chicago wheat down late in the session. Weather in the US seems to be improving with more moisture in the forecast for the southern plains for the next few weeks. Friday afternoon's COT report showed that trend following fund traders (non-commercials sans index funds) held a net short position of 79,184 contracts as of December 6th. Weekly export inspections, in the report released during the session yesterday, came in at 16.5 million bushels, which was in the middle of the range of expectations. Exports need to average 15.1 million bushels per week to reach the USDA projection. Yemen bought 110,000 tonnes of wheat from Argentina and Russia. Japan seeks 67,000 tonnes of optional origin wheat for Jan-Feb shipment.