March Wheat finished down 10 1/4 at 773 1/4, 11 1/2 off the high and 10 1/4 up from the low. July Wheat closed down 9 3/4 at 827 3/4. This was 8 3/4 up from the low and 9 3/4 off the high. The market saw an impressive recovery on the session off of the mid-day lows finding support from a strong rally in corn and a recovery in the US stock market and the energy markets. While near 10 cents off of the lows, the market still closed near 10 cents lower on the day and near unchanged on the week basis the March futures. July wheat closed lower on the session but up on the week. Ideas that there was some winterkill damage with the cols weather this week helped to support the new crop. The early sell-off drove the market more than 20 cents lower on the day. Fears of a slowing China economy, weakness in wheat in Europe overnight and a little "less" concerns for the wheat crop cold weather damage in the US helped spark the aggressive selling early in the day. While winter wheat crop conditions in the US and China are poor, the China dryness is a concern but traders believe that weather in February and early March will be the key factor to see any impact of dryness through the winter. Traders see warming weather in the plains and snow cover in the Midwest as short-term negative forces. March Oats closed down 4 1/2 at 392. This was 5 up from the low and 4 1/2 off the high

Bron: CME