Wheat prices rose Wednesday, as the US dollar fell against most of its counterparts, amid concerns about the coronavirus second wave, which may lead some countries to boost their purchases of wheat in order to secure their needs.

Coronavirus infections rose to more than 38 million cases globally, and around 1.076 million victims have died so far, with confirmed second wave of infections in some countries.

The French government declared the state of health emergency in the country and re-imposed lockdown restrictions to curb the second wave of Covid-19 infections.

The dollar index fell against a basket of currencies by 0.2% to 93.3 points as of 21:31 GMT, after it hit a high of 93.6 and a low of 93.2.

Wheat December futures rose 0.5% to close at $5.97 per bushel, after hitting a day high of $6.00 and a low of $5.87.

The US stock indices turned lower on Wednesday, falling for the second straight session, as hopes diminished about the second fiscal stimulus package to ease the coronavirus economic impact.

President Donald Trump administration proposed to the Congress a $1.8 trillion fiscal stimulus package, but House of Representatives' Democrats ruled out voting on it ahead of the presidential election in November.

President Trump confirmed that he alongside his wife and son have recovered from the coronavirus after a short period.

Johnson & Johnson announced this week pausing the clinical trials for its COVID-19 vaccine candidate after an unexplained illness in one of the volunteers.

Data showed today that the US producer price index rose 0.4% in September, beating forecasts of 0.2%.

To the oil market, WTI November futures at Nymex rose 2.1% or 84 cents, to close at $41.04 a barrel, after hitting a high of $41.1 and a low of $39.8.

Brent November futures rose 2.1% or 87 cents, to $43.32 a barrel, with a high of $43.4 and a low of $42.1.

As for stocks, Dow Jones fell 0.6% or 166 points to close at 28,514, after it hit a day high 28,792 and a low 28,461.

Nasdaq fell 0.8% or 95 points to 11,768 points, with a high of 11,940 and a low of 11,714.

S&P 500 fell 0.7% or 23 points to 3,488, with a high of 3,528 and a low of 3,480.

Silver prices rose on Wednesday, as the US dollar fell against most of its counterparts, despite the release of upbeat economic data.

Coronavirus infections rose to more than 38 million cases globally, and around 1.076 million victims have died so far.

The French government declared the state of health emergency in the country and re-imposed lockdown restrictions to curb the second wave of Covid-19 infections.

The dollar index fell against a basket of currencies by 0.2% to 93.3 points as of 21:16 GMT, after it hit a high of 93.6 and a low of 93.2.

Data showed today that the US producer price index rose 0.4% in September, beating forecasts of 0.2%.

Silver December futures rose 1.1% or 27 cents, to close at $24.395 an ounce, with a day high of $24.725 and a low of $23.930.

Oil prices rose on Wednesday, after the OPEC-Plus coalition confirmed compliance with the terms and quotas of in the third phase of the global output cut agreement.

The American Petroleum Institute will release later today its preliminary data on US crude inventories, and the Energy Information Administration will reveal its official report tomorrow.

The dollar index fell against a basket of currencies by 0.2% to 93.3 points as of 18:36 GMT, after it hit a high of 93.6 and a low of 93.2.

China's imports of crude oil rose by 2.1% in September from August, in a positive sign of improved demand in the second energy consumer in the world.

As of 18:39 GMT, WTI November futures at Nymex rose 1.8% to $40.9 a barrel, after hitting a high of $41.1 and a low of $39.8.

Brent November futures rose 1.7% to $43.1 a barrel, with a high of $43.4 and a low of $42.1.