# Wheat prices advance nearly two percent in American trade

> Wheat futures rose nearly 2% in U.S. trade despite a stronger dollar. U.S. private payrolls rose by 173,000 and jobless claims fell, while traders awaited the monthly payrolls report.

- Date: 2016-06-02 · published 2016-06-02T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/9128-wheat-prices-advance-nearly-two-percent-in-american-trade
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Wheat gained despite the stronger dollar, which signals firm underlying demand. The payrolls report ahead could shift currency and commodity moves.

## Read by commodity

- WHEAT: bullish ▲

## Sources

- economies.com: https://www.economies.com/commodities/wheat-news/wheat-prices-advance-nearly-two-percent-in-american-trade-15871

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.