Corn rises one percent as dollar backs off three-week high

Corn futures rose nearly one percent in American trade as the dollar index backed off November 13 highs for the fourth session out of five, in a day that lacks major data releases from the US, the world's largest corn producer and exporter.

As of 08:58 GMT, corn futures due in March rose 0.72% to $3.8475, while the dollar index dipped 0.08% to 96.96 away from three-week highs. 

On Monday, the US Department of Agriculture reported inspections of 1.04 million tonnes of corn product destined for export in the week ending November 29, compared to 1.18 million tonnes in the previous week, and 605.1 thousand in the same period of last year, with total inspected product in the marketing year starting September amounting to 14.2 million tonnes, up from 7.89 million in the same period of 2017.