Corn prices add over one percent

Corn prices rose over one percent in American trade, shrugging off the dollar's rise, and following earlier data from the US, the world's largest corn producer and exporter. 

As of 07:05 GMT, corn futures due on July 15 rose 1.22% to $3.7375 a bushel from the opening of $3.6925, while the dollar index rose 0.18% to 97.42 from the opening of 97.25. 

Corn futures benefited from the recent wet weather in the US, which could delay some crops and bolster prices, while the Department of Agriculture expects corn production to hit 1.07 billion metric tonnes in the marketing year ending August 31, a record high.