Related Keywords: Agriculture Email Print | December Wheat finished down 9 at 736, 15 off the high and 5 1/2 up from the low. December wheat traded mostly lower overnight and then did the same thing in a broader range during the day session. Traders said that reports of better than expected production and export forecasts out of Australia helped to push the market lower today despite a sharp break in the dollar. A continued lack of rain in the central and southern tiers of the Russian winter wheat belt was considered old news, albeit supportive, according to one analyst. Traders also noted that spreaders were sellers in wheat today against buying in corn. Morocco has formally approved licenses to import 1.2 million tonnes of wheat between September 16th and December 31st. This confirms reports from two weeks ago, but it is not an actual purchase of wheat. An arm of The Australian Bureau of Agricultural and Resource Economics (ABARE) raised its wheat production forecast by 13% to 25.1 million tonnes today. This is the biggest estimate of that crop by any public agency so far. Australia also raised its wheat export projection by 20% over last year. December Oats closed up 11 1/2 at 344 1/2. This was 26 1/2 up from the low and 2 1/2 off the high.Bron:CME