December wheat was up 12 cents late in the overnight session. Outside market factors look positive today with a slightly weaker US dollar but a bounce in energy and equity markets. A drier trend for the forecast for the southern plains and ideas that there may not have been enough rain to help get the winter wheat crop planted and off to a good start this season helped to support the bounce overnight. Weekend rains were better than expected, and this helped keep the selling pressure on yesterday. The weekly Crop Progress report showed that 93% of the US spring wheat crop was harvested as of Sunday, compared to 83% last week and 86% last year. The report also showed that only 14% of the winter wheat crop was planted, compared to 6% last week and 19% last year. The 10 year average for this time of year is 22%. The previous low was 14% in 2000. December wheat closed sharply lower on the session yesterday and down to the lowest close since July 6th. Weakness in other commodity markets and a continued strong selling trend from fund traders helped to pressure. Early selling pressure stemmed from a surge in the US dollar and weakness in other commodity markets and the stock market. Even the strong recovery in corn failed to provide much support. Better than expected rains for parts of the eastern plains on the weekend and ideas that Russia and Ukraine will continue to undercut US exporters on the world market helped to pressure. Weekly export inspections, released during the session yesterday, came in at 33.89 million bushels, which was well above trade expectations and compares with 18.39 million as the average necessary each week to reach the USDA projection for the entire season. Friday's Commitment of Traders report showed trend-following fund traders (non-commercial less index funds) were net short 50,649 contracts as of last Tuesday, which was an increase of 22,200 contracts for the week ending September 13th. The selling trend is seen as a short-term negative force, but some traders see the market as oversold.