March wheat opened 6 cents higher on the day at 534 and established an early range of 522 to 538. The higher open was in line with the strong finish in the overnight session. Traders credited the early strength to a recovery in financial markets with addition help said to come from the dollar's break this morning. However, small scale selling appeared in the first minutes of the day and this took the March contract marginally lower into early mid session. Egypt was a buyer of 240,000 tonnes of wheat, all from France and Russia. One analyst noted that the demand was supportive in that the final amount was much larger that the 55,000 to 60,000 tonnes originally tendered for. On the other hand, he noted that the US was again missing from a large piece of export business due to the strength in the dollar and this was seen as negative by the market. Iraq bought 100,000 tonnes of Canadian wheat and 100,000 tonnes of Russian wheat. Weather is expected to be dry through the end of the week in major Australian wheat harvesting areas. This is considered beneficial after recent wetness in the eastern wheat belt.