Wheat prices fall nearly one percent before the weekend

Wheat futures shed nearly one percent in American trade as the dollar index rose to an eight-month high according to their inverse relation, amid a lack of data from the U.S., the world's largest wheat producer and exporter. 

As of 07:17 GMT, wheat futures due on December 16 slid 0.72% to $414.00 a bushel from the opening of $417.00, with an intraday low at $413.25, and a high at $418.50. 

On the other hand, the dollar index, tracking the greenback's performance versus an array of six major counterparts, rose to 98.77 from the opening of 98.32, with an intraday low at 98.30, and the highest since February at 98.81. 

Yesterday, the Federal Reserve released the Beige Book, important because of its release two weeks before the FOMC meeting in November 1-2, and which the bank depends upon when taking its policies and directions for the world's largest economy, expected to have grown 2.5% in the third quarter of this year, with the data awaited later next week.