Wheat futures shed 1% in American trade

Wheat futures shed nearly one percent as the dollar index traded flat for the day, following earlier data from the US, the world's second largest wheat producer, as several cantons in North Dakota are forecast to witness thunder storms throughout the week, bolstering the spring wheat harvest there as rains grow heavy.

As of 07:13 GMT, wheat futures due on September 15 slid 0.88% to $5.0625 from the opening of $5.1075, while the dollar index rose 0.01% to 95.16 from the opening of 95.15. 

Earlier US data showed the Empire State Manufacturing Index tumbling more than expected in July, while from China, GDP growth steadied at 6.9% in the second quarter, as industrial production and retail sales accelerated in June.