Wheat prices give up over one percent

Wheat futures tumbled over one percent as the dollar index advanced according to their inverse relation, which follows a spate of data from the U.S., the world's largest wheat producer and exporter, and after Britain's vote to exit the European Union last week. 

As of 08:09 GMT, wheat futures due on July 16 slid 1.45% to $458.25 a bushel from the opening price of $465.00, with a session-high at $470.50, and a low at $457.75. 

On another note, the dollar index, tracking the greenback's performance against six major counterparts, rose to 96.52 from the opening of 96.08, with an intraday high at 96.71, and a low at 95.81. 

Earlier data from the world's largest economy showed U.S. trade balance deficit widening in May to $60.6 billion, compared to analysts' expectations of $59.5 billion, and up from April's $59.5B. while the flash services PMI came at 51.3 in June, missing expectations of 52.0, as May's reading was revised higher from 51.2 to 51.3.