Corn futures edge up as dollar declines

Coin futures tilted higher in American trade as the dollar index gave up ground, following a basket of data from the US, the world's largest corn producer and exporter. 

As of 09:58 GMT, corn futures due on March 15 rose 0.14% to $3.4750 from the opening of $3.4700, while the dollar index shed 0.27% to 93.45 from the opening of 93.69. 

Earlier US data showed housing starts and building permits slowed down in November while still beating expectations, as the trade deficit shrank more than expected in the third quarter. 

The US Department of Agriculture's latest monthly report cut inventory forecasts to 2,437 million bushels from 2,487 million in November forecasts, while analysts expected 2,478 million.