Markets

US wheat ends firm, buoyed by euro zone hopes

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* However, wheat ended well below the day's highs and faded late as the Dow eased from its highs and the dollar pared losses.

* European wheat futures rose in step with US grains and broader markets amid cautious optimism that European leaders would take decisive action in the coming week to tackle a debt crisis in the euro zone.

* Dry weather remains an issue in the US Plains winter wheat belt. Joel Widenor, meteorologist for Commodity Weather Group, said 20 percent of the Plains would have crop establishment problems.

Copyright Reuters, 2011