Soybean futures climb as dollar retreats

Soybean futures rose in American trade as the dollar index hit a 13-month trough, following earlier data from the US, the world's largest economy. 

As of 08:03 GMT, soybean futures due on September 15 rose 0.55% to $10.130 from the opening of $10.075, while the dollar index slid 0.39% to 93.49 from the opening of 93.87. 

Earlier US data showed GDP growth at 2.6% in the second quarter, up from 1.4% in the first quarter, and besting expectations of 2.5%, while the preliminary reading for GDP prices slowed down to 1.0% from 1.9%, missing expectations of 1.3, and finally, the Employment Cost Index slowed down as well more than forecast.  

University of Michigan released its second and final reading for the consumer sentiment survey in July, showing a rise to 93.4 from the preliminary reading of 93.1, besting expectations of 93.2, while below June's reading of 97.1.