Wheat prices rise nearly one percent in American trade

Wheat futures rose nearly one percent in American trade as the dollar index fell according to their inverse relation, which follows a spate of data from the U.S., the world's second largest wheat exporter.
 
As of 08:30 GMT, wheat futures due on March 16 rose 0.87% to $405.00 a bushel from the opening price of $401.50, with an intraday high at $406.75, and a low at $402.50, while the dollar index fell 0.61% to 102.61 from the opening of 103.12.
 
Earlier data from the world's largest economy showed unemployment claims down to 265 thousand in the week ending December 24 from 275K in the previous reading, while analysts expected 277K, while continuing claims rose by 63K in the week ending December 17 to 2.102 million from 2.039M, compared to expectations of 2.027M. Also, the goods trade balance, it recorded a deficit of $65.3 billion in November, up from $61.9B in October, while analysts expected $61.5B, and finally, wholesale inventories rose 0.9% in November, besting expectations of a 0.1% rise, and compared to October's 0.1% dip.