May Wheat finished up 2 at 720 3/4, 9 1/4 off the high and 14 3/4 up from the low. July Wheat closed up 2 1/4 at 753. This was 15 1/4 up from the low and 9 off the high. May wheat closed slightly higher on the day after closing lower for every session last week. The market had an inside trading session. General economic uncertainty plus some talk that wheat exports to Japan could slow helped to spark some early weakness today. However, a turn higher in new crop wheat plus talk of dry and warm weather for the western and southern sections of the winter wheat belt helped to support the bounce to the highs of the day into the mid-session. Some areas of the eastern plains received rain and snow over the weekend. Weekly export inspections for wheat came in at 25.7 million bushels which was above trade expectations but below the 30.87 million bushels necessary each week to reach the USDA export forecast for the season. Jordan is tendering for 100,000 tonnes of wheat. May Oats closed down 6 1/2 at 344. This was 1 1/4 up from the low and 9 off the high

Bron: CME