Wheat futures slide over three percent ahead of the weekend

Wheat futures tumbled over three percent in American trade, shrugging off the dollar's drop, which follows a spate of economic data from the U.S., the world's largest wheat producer and exporter. 

As of 07:45 GMT, wheat futures due on September 15 slumped 3.42% to $430.25 a bushel from the opening price of $445.50, with an intraday high at $446.00, and a low at $428.00.

On the other hand, the dollar index, gauging the greenback's performance versus a basket of six major currencies, fell to 95.74 from the opening of 95.88, with an intraday low at 95.41, and a high at 96.08. 

Earlier data from the world's largest economy showed the final reading of the manufacturing PMI falling to 51.3 in June from the preliminary reading of 51.4, while the ISM manufacturing PMI jumped to 53.2 from May's 51.3. Manufacturing prices fell to 60.5 from 63.5, missing expectations of 63.9, while construction spending fell 0.8%, moderating from April's 2.0% fall, but missing expectations of a 0.6% growth.