Corn futures slide in American trade

Corn futures shed over one percent in American trade as the dollar index edged higher according to their inverse relation, amid a lack of data from the U.S., the world's largest corn producer and exporter.

As of 08:55 GMT,  corn futures due on May 16 tumbled 1.09%to$363.50 a bushel from the opening of $367.50, with an intraday low at $363.00, and a high at $370.75, while the dollar index inched up 0.03% to 100.35 from the opening of 100.32. 

Earlier from the world's largest economy, Federal Reserve Bank of Chicago President Charles Evans spoke about current economic conditions and monetary policy at the National Association for Business Economics luncheon, in New York, while markets await Fed Chair Janet Yellen's opening remarks on Thursday at the Federal Reserve System Community Development Research Conference, in Washington DC, to take clues about the future of interest rates and the pace of tightening.