December Wheat finished up 29 1/4 at 899 1/2, 3 1/2 off the high and 32 up from the low. September Wheat closed up 29 1/2 at 874 3/4. This was 32 1/4 up from the low and 3 off the high.

Wheat was the leader among the grains and soy complex markets today. Traders said that support came from persistent dryness in Argentina and Australia and ongoing concerns over the lack of milling quality wheat for export from Black Sea producers. Funds were buyers of at least 4000 contracts in wheat today with good buying also reported in other pits. Wheat gained sharply on corn today in reaction to recent losses in that spread. Traders reported that spreaders were active buyers in wheat. Wheat also gained on soybeans. Weather is a non-factor for wheat in the US, unlike corn and soybeans. The tail end of harvest in Germany, Great Britain and France is being delayed somewhat due to rains and this is causing some concern over possible quality issues. With Pakistan on the sidelines after postponing its latest tender for 250,000 tonnes of wheat, the export calendar is looking a little thinner, but traders are suggesting that tomorrow's export sales could be very large in wheat.

September Oats closed down 1 1/2 at 368. This was equal to the low and equal to the high.