Corn prices add over one percent

Corn prices rose over one percent in American trade, shrugging off the gains made by the dollar today, which follows some data released last week from the U.S., the world's largest corn producer and exporter. 

As of 07:32 GMT, corn futures due on July 16 jumped 1.10% to $412.75 a bushel from the opening price of $408.25, with a session-high at $413.50, and a low at $406.50. 

On another note, the dollar index, which gauges the U.S. currency's performance versus an array of six major counterparts, rose to 95.70 from the opening of 95.52, with an intraday high at 95.97, and a low at 95.66. 

American markets are off today for the Memorial Day holiday, after data showed the U.S. economy beat expectations by growing 0.8% in the first quarter, compared to a preliminary reading of 0.5%, while Fed Chair Janet Yellen talked up a rate hike in the next months if unemployment and growth data continued to improve.