September Wheat finished up 5 1/2 at 694, 5 off the high and 14 3/4 up from the low. December Wheat closed up 5 1/2 at 734 1/2. This was 14 1/2 up from the low and 4 1/2 off the high. After some choppy and two-sided trade, September wheat found support from a surge in corn values to close higher on the day and saw a 4-day high close. The sharp break in the US dollar and strength in the other grains helped support the market early. However, fears of slow exports and the advancing winter wheat harvest helped to pressure the market into the mid-session. Egypt bought 120,000 tonnes of wheat from Russia in their optional origin tender which was a reminder to traders of the stiff competition on the world market. The weekly Spring Wheat Conditions report showed that 74% of the crop was rated good/excellent compared to 73% last week and 83% last year. The 10 year average for this time of year is 63%. For the winter wheat crop, harvest has reached 75% complete compared to 68% last week and 78% last year. September Oats closed up 4 3/4 at 356 1/4. This was 7 1/2 up from the low and 3 3/4 off the high.

Bron: CME