Slipover weakness from long liquidation in the Kansas City market weighed on prices as well. MGE December wheat closed down 4 cents at $3.68-1/2 per bushel, while deferred months was flat to down 3-1/4 cents.
Late commercial pricing helped lift futures off their session low, traders said.
Volume was estimated by the exchange at 4,194 contracts, up from 3,535 lots on Monday.
The December/March spread widened to a carry of 6 cents as traders sold December, rolling long positions forward ahead of first notice day for deliveries on November 30.
The latest CFTC Commitments of Traders report showed that funds remained heavily net long in MGE wheat futures as of October 25. An increase in deliverable spring wheat stocks at the Duluth/Superior terminal was bearish.
The exchange reported stocks as of October 28 at 14.2 million bushels, up from 13.5 million the previous week. Prices had light underlying support from news overnight that Taiwan had set a tender on Thursday to buy 91,850 tonnes of US wheat.
Weekly USDA crop condition ratings showed an improvement in US winter wheat. The US Department of Agriculture late on Monday said 61 percent of the US winter wheat crop was in good to excellent condition, up from 57 percent the previous week.
The total was down from the year-ago figure of 78 percent in the good-to-excellent categories. USDA said the crop was 92 percent planted and 76 percent emerged, ahead of the respective five-year averages of 88 percent and 73 percent.