Corn settles at highest level in 5 months

Corn futures rose on Thursday, and hit a 5-month high after contagious virus fatal to pigs found in Germany, which raised odds for a surge in demand for American pigs, which leads to increasing feed demand

China also continued its imports large amounts of US corn and soybean in compliance with the phase-one of the trade agreement that was signed on January 15.

Observers see that China will not be able to commit to importing around $36.5 billion worth of US farm goods within the first year of the trade agreement.

The dollar index rose against a basket of currencies by 0.1% to 93.3 points as of 22:01 GMT, after it hit an intraday high of 93.4 and a low of 92.7.

Corn December futures rose 1.5% to close at the highest level since March 27 at $3.65 a bushel, after hitting a day high of $3.66 and a low of $3.59.