Wheat prices shed over one percent ahead of the weekend

Wheat futures fell over one percent in American trade as the dollar index rose according to their inverse relation, which follows a basket of data from the U.S., the world's second largest wheat exporter.
 
As of 08:03 GMT, wheat futures due on March 16 fell 1.29% to $421.50 a bushel from the opening of $427.00, with a session-low at $419.25, and a high at $427.50, while the dollar index rose 0.29% to 100.67 from the opening of 100.50.
 
Earlier U.S. data showed the economy growing 1.9% in the fourth quarter, missing expectations of a 2.1% growth, while the previous reading was revised higher to 3.5% from 2.9%.
 
Durable goods orders fell 0.4% in December m/m, compared to a 4.5% tumble in November, revised from 4.6%, while core orders - excluding transportation-  rose 0.5%, matching expectations and down from 0.6% in November, revised higher from plus 0.5%.

Finally, the University of Michigan's consumer confidence index rose to 98.5 in January from 98.1, besting expectations of 98.2.