Wheat prices retreat for second straight session as eyes fixed on U.S. agriculture ministry's report

Wheat futures fell over two percent in American trade, shrugging off the dollar index' dip, amid a lack of data from the world's largest economy, and ahead of a yield report from the U.S. agriculture ministry tomorrow, expected to showcase the winter wheat yield in America, the world's second largest wheat exporter.
 
As of 07:42 GMT, wheat futures due on March 16 fell 2.17% to $417.50 a bushel from the opening price of $426.75, with an intraday low at $412.00, and a high at $426.25, while the dollar index shed 0.69% to 101.31 from the opening of 102.02.
 
Earlier from the world's largest economy, U.S. President-elect Donald Trump gave a speech promising jobs opportunities to Americans, while threatening a tax on companies leaving the U.S., and lowing the presidential expenses and repealing the current president Obama's healthcare initiative known as Obamacare.