December Wheat finished up 11 1/4 at 630 3/4, 1 1/2 off the high and 17 1/4 up from the low. March Wheat closed up 11 1/4 at 663. This was 17 up from the low and 1 1/2 off the high. December wheat closed moderately higher on the session and up 17 1/4 cents from the lows to experience the highest close since October 11th. The turn higher in the US dollar plus the sell-off in the stock market and weakness in copper, energy markets and the soybean market helped to pressure the market early today. However, increased optimism that the euro crises will be partially solved be the end of the weekend and the dry forecast for the southern plains helped to provide for the turn higher and higher close on the day. July (new crop) Kansas City wheat closed 21 1/2 cents higher on the day. Weekly export sales for wheat came in at 399,400 metric tonnes which was well below trade expectations. Sales of 332,000 metric tonnes are needed each week to reach the USDA forecast. The EU granted export licenses of 296,000 tonnes for the week which pushed cumulative exports for the season to 4.35 million tonnes as compared with 7.7 million tonnes last year by this date. December Oats closed unchanged at 337. This was 3 up from the low and 2 3/4 off the high.

Bron: CME