Corn prices shed about one percent in American trade

Wheat futures fell nearly one percent amid concerns about the bird flu in Tennessee, and after the dollar index rose, according to their inverse relation, which follows earlier data from the U.S., the world's largest corn producer and exporter.
 
As of 08:08 GMT, corn futures due on May 16 fell 0.73% to $375.75 a bushel from the opening of $378.50, with an intraday low at $373.25, and a high at $379.75, while the dollar index rose 0.18% to 101.82 from the opening of 101.73.
 
Earlier data from the world's largest economy showed the trade balance deficit in January yawning to a five-year high at $48.5 billion from $44.3B in December, above expectations of $47.0B,

 In other news, South Korea's agriculture ministry said it will ban chicken and egg imports from the U.S., while Taiwan, Japan, and Hong Kong announced a partial ban on Tennessee imports, casting a pall over corn prices due to its extensive use as fodder.