Wheat futures fell over two percent as the dollar index rebounded for the third session away from the lowest since January 2, 2015, following earlier data from the US, the world's largest corn producer and exporter, including the US Department of Agriculture's monthly report. 

As of 07:17 GMT, corn futures due on December 15 tumbled 2.38% to $3.4900 from the opening of $3.5750, while the dollar index rose 0.06% to 91.93 from the opening of 91.87. 

Earlier US data showed JOLTS job openings rose to 6.17 million in July from 6.12M in June, besting expectations of 5.96M. 

Otherwise, the dollar index rebounded today on short-covering, while the USDA reported a rise in US corn inventories in the agriculture year of 2017/2018 to 2.335 billion bushels, compared to previous official forecasts at 2.273 billion, and market expectations at 2.18 billion. 

Similarly, the USDA report released earlier today raised corn productivity forecasts by 0.4 bushel to 169.9 bushels per donam, compared to previous forecasts of 168.2 bushels, with the department now expecting total corn production this year to amount to 14.184 billion bushels, up from 14.153 billion in the previous forecasts. 

The upgrade in productivity forecasts weighed on prices, noting that the USDA report said that grain projections for the current month don't reflect the impact of the floods and Hurricanes that hit the US recently, adding that the Department will make survey in the affected areas to include the damages in the October report. 

Silver futures edged up in American trade as the dollar index rebounded for the third straight session off the lowest since January 2, 2015, following earlier data from the US, the world's largest economy. 

As of 06:16 GMT, silver futures due on December 15 rose 0.04% to $17.910 an ounce from the opening of $17.902, while the dollar index advanced 0.06% to 91.93 from the opening of 91.87. 

Earlier US data showed JOLTS job openings rose to 6.17 million in July from 6.12M in June, besting expectations of 5.96M. 

Otherwise, US Treasury Secretary Steven Mnuchin said that President Donald Trump's administration seeks to wrap up the tax reform agenda by the end of 2017, adding that he doesn't know whether Trump's goal to cut corporate taxes to 15% is achievable due to budget constraints, but he asserted on the importance of reaching record competitiveness. 

On Thursday, the Senate Financial Committee will hold a session to hear tax reform propositions, after Senator Orrin Hatch said he expects the plan to be shared with other senators, while Trump urged Congress to vote on the reforms as fast as possible without waiting until the end of September. 

Back to Mnuchin, who expressed his concerns regarding the US debt ceiling passing $20 trillion, and adding that recent Hurricanes Irma and Harvey will impact the US GDP growth, while noting that recovery will happen soon after from their damages. 

Finally, Mnuchin stated that he's working with Trump currently on the issue of the next Federal Reserve governor, as Janet Yellen's term nears its end in February, adding that Yellen is one Trump's candidates to continue leading the central bank, before moving on to the North Korea nuclear issue, saying that if China doesn't apply the sanctions imposed by the UN Security Council on North Korea, sanction will imposed upon the world's second economy. 

Oil futures rose in American trade even as the dollar index rebounded from the lowest since January 2, 2015, following earlier data from the US, the world's largest energy consumer, which showed the JOLTS job openings rose unexpectedly in July. 

As of 06:09 GMT, US crude futures due on October 15 rose 0.48% to $48.30 a barrel from the opening of $48.07, while Brent crude futures due on November 15 gained 0.80% to $54.27 a barrel from the opening of $53.84, as the dollar index edged up 0.05% to 91.92 from the opening of 91.87.

Earlier this week, Saudi energy ministry said that Khaled Al Faleh, the minister, is currently discussing with his Venezuelan and Kazakhstan counterparts a possible extension to the global output deal beyond March 2018 to maintain balance in the markets and limit inventory buildups. 

Earlier, Baker Hughes, an oil services company, reported a drop of 3 in the US oil rig count for the third week in a month to a total of 756 rigs, the lowest since June 16. 

Otherwise, Goldman Sachs said that recent US hurricanes damaged demand levels considerably in the world's largest oil consumer, with the biggest hits focusing on demand rather than output, which probably paved the way for record increases in the country's reserves.

Sterling rose nearly one percent against the dollar to the highest since September 13, rebounding for the eleventh session out of fourteen from the lowest since June 27, following an array of data from Britain and the US, the world's largest economy. 

As of 05:46 GMT, GBP/USD rose 0.83% to 1.3272 from the opening of 1.3163, with a year high at 1.3288, and a session-low at 1.3161. 

Earlier UK data showed consumer prices accelerating by 0.6% in August, besting expectations of a 0.5% rise, and compared to July's 0.1% dip, while on a yearly basis, prices accelerated to 2.9% from 2.6%, also beating expectations of 2.8%. 

Core consumer prices accelerated to 2.7% y/y from 2.4%, surpassing forecasts of 2.4%. 

The Producer Price Index Input accelerated as well to 0.4% in August from 0.1% in July, while rallying 3.4% y/y from 3.2%, passing forecasts of 3.1%, as core producer prices steadied at 2.5%, also besting expectations of 2.3%. 

The upbeat data bolstered expectations of a Bank of England's interest rate hike and tightening of policy in the next few months. 

The BoC is scheduled to convene tomorrow for a periodic policy meeting, where it is expected to maintain interest rates at their record low of 0.25%, and the assets purchase program at 435 billion pound, while from the US, the JOLTS job openings rose unexpectedly in July.