Wheat futures edge up as dollar declines

Wheat futures tilted higher in American trade as the dollar index gave up ground, following earlier data from the US, the world's second largest wheat exporter, and amid forecasts of continuous dry hot weather that could hurt grains in America. 

As of 06:51 GMT, wheat futures due on September 15 rose 0.45% to $5.5250 from the opening of $5.5000, while the dollar index shed 0.33% to 95.70 from the opening of 96.02. 

Earlier US data showed an unexpected drop in the JOLTS job openings survey in May, while last week, data showed the economy created 222 thousand new jobs last month, while the unemployment rate rose to 4.4%, as average hourly earnings accelerated below expectations.

On another note, markets followed Federal Open Market Committee member Lael Brainard's speech about normalizing central banks' balance sheets at a conference jointly sponsored by Columbia University and the Federal Reserve Bank of New York, while Fed Chair Janet Yellen is scheduled to testify about monetary policy tomorrow ahead of the House of Representatives Financial Services Committee, and on Thursday ahead of the Senate Banking Committee in Washington.