Corn futures rise with eyes on U.S. agriculture report

Corn futures rose over one percent in American trade as the dollar index rose according to their inverse relation, which follows a spate of data from the U.S., the world's largest corn producer and exporter, and ahead of the monthly U.S. agriculture report later this week.
 
As of 08:59 GMT, corn futures due on March 16 rose 1.31% to $368.50 a bushel from the opening of $363.75, with an intraday high at $369.00, and a low at $362.50, while the dollar index rose 0.36% to 100.27 from the opening of 100.01.
 
Earlier U.S. data showed the Jolts job openings down to 5.50 million in December from 5.51M in November, while analysts expected 5.56M, while the payrolls report last week showed an acceleration in the number of new jobs created last month.

The unemployment rate rose to 4.8%, while average hourly earnings slowed down unexpectedly.
 
On the same note, markets await the monthly report from the U.S. agriculture report, after the ministry reported corn exports have reached 128 thousand metric tonnes, with the first deliveries expected to Japan in the 2016/2017 marketing year, which begins in September.