Cbot Corn Ends Slightly Higher In Recovery From One: month low
CBOT corn ends slightly higher in recovery from one-month low CHICAGO, Sept 25 (Reuters) - Chicago Board of Trade corn futures ended slightly higher on Friday, after pre-weekend buyers emerged when prices fell early to a one-month low due to disappointment over a lack of details about Chinese buying, analysts said.
There were no concrete signs yet that China agreed to buy US corn in conjunction with a summit between Presidents Donald Trump and Xi Jinping this week, traders said.
The US is expected to release details on the outcome of trade negotiations with China on Monday, US Trade Representative Jamieson Greer said.
US farmers are harvesting corn and soy crops but facing delays due to rain.
Heavy rain is expected across the central and southern Midwest, central and southern Plains, and Delta later next week, forecaster Vaisala said.
The US Department of Agriculture is scheduled to issue a weekly update on US harvesting progress on Monday.
CBOT December corn CZ26 ended up 3/4 cent at $5.28-1/4 per bushel after dropping earlier to $5.14-3/4.
(Reporting by Tom Polansek in Chicago; Editing by David Gregorio)
((Thomas.Polansek@thomsonreuters.com))
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