March Wheat finished down 15 1/2 at 531, 13 off the high and 11 up from the low. July Wheat closed down 16 1/4 at 558 1/4. This was 10 up from the low and 12 3/4 off the high.

The wheat market opened lower and stayed lower today with pressure coming from weaker crude oil, a higher dollar and fund selling across the floor. Wheat has been a follower to the downside for much of the session today according to traders who noted that corn and soybean oil made new lows today while wheat, meal and soybeans did not. Wheat sales continue to pick up for all origins. Egypt bought 30,000 tonnes of Russian wheat this morning and they may be looking for as much as 30,000 to 60,000 tonnes more. Export sales were above expectations in wheat this week, reversing a trend toward lower sales that had been seen on the previous two reports. Net sales came in at 511,000 tonnes. Sales were strong again this week for soft red wheat at 132,800 tonnes compared to 161,600 for hard red winter. Spring wheat sales were also strong. Sales need to average just 255,000 tonnes each week to reach the USDA forecast. Western Australia is drier with only scattered rain forecast there in coming days, which should allow harvest to get back into full swing. The eastern wheat belt saw showers on and off in the north with more expected into Saturday. In the SE, showers with locally heavy thunderstorms have fallen within the past 24 hours. This could result in minor production losses.

March Oats closed down 10 at 222. This was 1 3/4 up from the low and 10 off the high.