Related Keywords: Agriculture Email Print | September Wheat finished up 13 1/4 at 692 1/4, 4 3/4 off the high and 15 up from the low. December Wheat closed up 13 1/2 at 725 1/2. This was 16 1/4 up from the low and 4 1/4 off the high. December wheat posted moderate gains early in the overnight session, and then extended those gains later in that session and into the start of the day session. Prices traded sideways, below the highs of the day session, into the close. Traders said that support today came from an extended period of rains in Germany that has hampered harvest progress there and has caused concern over the potential for erosion in quality. In addition, export demand continues to be seen by importers who traditionally rely on Black Sea origin supplies. Reports from Argentina indicate that cold and dry conditions there are hampering a later-than-usual planting season and also limiting early crop development. The late increase in plantings is in response to higher world prices, and President Fernandez says that production may be 12 to 13 million tonnes, up from last year’s drought-devastated total of near 7.5 million. This week’s export inspections for wheat were 21.474 million bushels, about in line with last week’s total. Inspections need to average 24.246 million bushels each week to reach the USDA’s export forecast for the 2010/11 crop marketing year. Wheat gained substantially on corn on the day amid moderately active trade by spreaders. December Oats closed unchanged at 285. This was 10 up from the low and 4 3/4 off the high.Bron:CME