Wheat futures rose over two percent in American trade as the dollar index fell to its lowest since November 8, amid a lack of data from the U.S., the world's second largest wheat exporter. 

As of 08:29 GMT, wheat futures due on July 15 tumbled 2.23% to $4.3525 a bushel from the opening of $4.2575, while the dollar index fell 0.78% to 97.11 from the opening of 97.79, marking a six-month low. 

The U.S. National Weather Service warned from floods coming from heavy rains throughout eastern Kansas and Oklahoma towards western Missouri and Arkansas, which might lead to crop delays in these parts. 

The Agency also said "heavy rain and flood risks are expected to continue until the weekend from the gulf's coast to the Great Lakes", while expecting thunder storms and more rains on parts of Indiana. 

On the same note, Egypt bought two shipments from American food for the first time in two years, or about 115 thousand metric tonnes, equaling 39% of the total bids by the Egyptian government, with the world's largest wheat importer asking for high-protein grains, favoring the American over French wheat. 

Egypt also bought from its biggest supplies, Russia and Ukraine, while resuming shipments from the U.S. after stopping them since 2015, when global production reached record highs and Russian wheat prices fell sharply, which supplies two thirds of Egyptian demand in the last two years.  

As the dollar index hits six-month lows and the Russian Ruble rose compared to its last two year lows, U.S. wheat prices fell by a fifth from its 2015 levels, putting it into competition once more.

The Egyptian government specified its demand for grain with a 12.5% protein rate, up by half a percent, putting French wheat out of competition as it's only 12%. 

Finally, Romanian company Cerealcom with the best prices will supply 60 thousand tonnes with a price tag of $207.18 per tonne, while Amiroba Ag will supply 60 thousand tonnes with a price of $207.25. Louis Dervos will supply 55 thousand tonnes with a cost of $207.90 from American winter wheat, with another 60 thousand tonnes from Ukrainian wheat at $208.74 tonnes, and 60 thousand from Russian wheat at $208.49 from Midgolf. 

Silver prices rose nearly one percent in American trade after sliding yesterday on profit-taking, after the futures marked the longest winning streak since September, while the dollar index hit a six-month low amid a lack of data from the world's largest economy. 

As of -7:05 GMT, silver futures due on July 15 rose 0.87% to $16.82 an ounce from the opening of $16.67, while the dollar index tumbled 0.80% to 97.10 from the opening of 97.79, marking its lowest since November. 

Earlier from the U.S., Saint Louis Federal Reserve President James Bullard said in his speech about the economy and monetary policy that the Fed might need to slow down before tightening policy due to weak data since March. 

Bullard said he expects growth to pick up in the second quarter, but might not reach 2%, while he doesn't expect falling unemployment rates to have an impact on inflation. 

He pointed to the fall in U.S. long-term treasury bonds and the downgrading of inflation forecasts in March as a reason to delay tightening the policy, while asserting the importance of cutting the Federal budget from its current 4.5 trillion to allow for more rate hikes later. 

Silver prices benefited recently from lower chances of a Fed rate hike in June as concerns grow about U.S. president ability to carry out his economic agenda, including tax, health care, and regulation reforms, after controversial reports of his intervention in a Federal investigation. 

Crude prices surged over two percent in American trade as the dollar index hit a six-month low according to their inverse relation, amid a lack of data from the world's largest economy, and as investors look forward to OPEC's meeting next week. 

As of 06:22 GMT, U.S. crude futures due on June 16 rose 1.74% to $50.21 a barrel from the opening of $49.35, while Brent crude futures due on July 15 surged 1.71% to $53.41 a barrel from the opening of $52.51. The Dollar index fell 0.53% to 97.36 from the opening of 97.79. 

Markets await global producers' decisions on extending the deal to cut output by 1.8 million bpd for nine more months until March, 2018, in order to ensure balance in the markets, as global crude inventories remain atop five-year highs, while U.S. shale production hits two-year highs. 

Sterling rose for the fifth session in a row against the dollar, settling above 1.3 following earlier data from Britain and lack thereof from America. 

As of 05:22 GMT, GBP/USD rose to 1.3020 from the opening of 1.2938, with an intraday high at 1.3036, and a low at 1.2927.

Earlier U.K. data showed the CBI Industrial Order Expectations index up to 9 in May from 4, as analysts expected no change. 

Now markets await Saint Louis Fed president James Bollard's speech later today about the U.S. economy and monetary policy, while San Francisco Fed president John Williams will talk about policymakers' vision in El Camino school in Saint Louis.