September wheat was down 2 1/4 cents late in the overnight session. Weakness in other grains and a firm US dollar helped to pressure overnight. A continued realization that Russia wheat is priced well under the rest of the world plus major adjustments higher in the world production outlook due to better than expected July weather for Europe and the Black Sea region helped to turn the market lower yesterday as September wheat moved from the highest level since July 19th to close 21 1/2 cents off of the highs. The crop tour showed production difficulties this year for the North Dakota crop but crop perceptions were not too much different than recent USDA estimates. Since short-covering has been the foundation for part of the recent strength, a turn up in open interest after seeing a significant downtrend for the July 8th to July 25th time frame was also seen as negative. The International Grain Council pegged world wheat production at 674 million tonnes from 666 million as last month's estimate and from 651 million tonnes last year. In the July USDA report, world production was pegged at 662.4 million tonnes so the news was seen as bearish as the one-month adjustment higher was mostly from Europe, Russia and Ukraine. The ICG also raised global wheat consumption by 6 million tonnes due to competitive pricing against corn. The market closed moderately lower on the session yesterday and near the lows of the day. Talk that North Dakota wheat production may come in slightly below recent government forecasts helped support the market early but weakness in the other grains and choppy trade in outside markets helped to pressure. Net weekly export sales for wheat, came in at 473,800 metric tonnes which was near the high end of trade expectations. As of July 21st, cumulative wheat sales stand at 32.1% of the USDA forecast for 2011/2012 (current) marketing year versus a 5 year average of 29.9%. Sales of 470,000 metric tonnes are needed each week to reach the USDA forecast. Jordon bought 50,000 tonnes of Black Sea origin wheat. Traders at the Buenos Aires Exchange lowered their planting estimate for the 2011/12 wheat crop to 4.6 million hectares from 4.7 million previous. After the close, Egypt announced another tender for optional origin wheat and results could be out today.