Wheat futures tumble over one percent in American trade

Wheat futures fell over one percent as the dollar index rose to a two-week high, following earlier data from the US, the world's second largest wheat exporter, and ahead of the US Department of Agriculture's report on grain output next Thursday.

As of 07:40 GMT, wheat futures due on September 15 fell 1.35% to $4.5725 from the opening of $4.6350, while the dollar index rose 0.32% to 93.73 from the opening of 93.43. 

Earlier US data showed the JOLTS Job Openings jumped to 6.16 million in June from 5.67 million in May, besting expectations of 5.74 million, while last week, the payrolls report showed the economy created 209 thousand new jobs, while the unemployment rate declined to 4.3%, as average hourly earnings accelerated in line with expectations. 

Otherwise, the USDA grain report for the week ending last Sunday showed raised ratings for spring wheat harvest by 1% to 32% as good to excellent, while 68% of the entire harvest is rated higher than last year, and additionally, the USDA said 24% of the harvest has been done by now, compared to the five-year average of 21%.