Wheat prices climb nearly one percent in American trade

Wheat futures rose nearly one percent in American trade as the dollar index edged down according to their inverse relation, which follows earlier data from the U.S., the world's second largest wheat exporter.
 
As of 08:26 GMT, wheat futures due on March 16 rose 0.95% to $427.25 a bushel from the opening price of $423.25, with an intraday high at $428.25, and a low at $421.00, while the dollar index shed 0.24% to 101.97 from the opening of 102.24.
 
Earlier data from the world's largest economy showed the labor conditions index down to minus 0.3 in December from plus 1.4 in November, while last week, the payrolls report showed the economy has created 156 thousand new jobs in December, missing expectations and below November's levels, while the unemployment rate rose to 4.7%, as average hourly earnings rose beyond expectations.