Wheat rises over 2% to one-week high

Wheat futures rose over two percent in American trade away from February 6 lows for the second session out of three, even as the dollar index gained ground, following earlier data from the US, the world's second largest wheat exporter. 

As of 07:55 GMT, wheat futures due on May 15 rose 2.52% to $4.5750 from the opening of $4.4625, while the dollar index climbed 0.19% to 90.22 from the opening of 90.05, marking March 21 highs. 

The US Department of Agriculture reported total inspected wheat product at 361.7 thousand tonnes in the week ending March 29, up from 343.8 thousand in the previous week, and compared to 573 thousand in the same period of last year, with total inspected wheat output amounting to 19.9 million tonnes in the marketing year starting June, down from 21.8 million in the same period of last year.