Wheat prices shed nearly one percent ahead of the weekend

Economies.com
2017-03-10 19:51PM UTC

Wheat futures slid nearly one percent in American trade, despite dollar's earlier decline, which follows a spate of data from the U.S., the world's second largest wheat exporter.
 
As of 08:39 GMT, wheat futures due on May 16 fell 0.73% to $440.75 a bushel from the opening of $444.00, with an intraday low at $439.50, and a high at $446.50, while the dollar index slid 0.53% to 101.31 from the opening of 101.93.
 
Earlier U.S.  data showed the economy added 235 thousand new jobs in February, beating expectations of 196K, and compared to January's 227K reading.
 
The unemployment rate fell to 4.7% last month from 4.8% in January, matching expectations, while average hourly earnings rose 0.2%, up from 0.1% in January, while missing expectations of a 0.3% rise.

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