CHICAGO: Chicago Board of Trade (CBOT) corn futures rose on Friday, rebounding ahead of the weekend after falling to their lowest levels in five months and following four consecutive sessions of declines.
* CBOT May corn rose 2-1/4 cents to $3.73 per bushel.
* The contract earlier dropped to a low of $3.66 a bushel, the weakest since Sept. 20.
* The most-active contract posted a weekly decline of almost 0.6 percent.
* Concerns around export competition capped gains on Friday. Brazil's 2018/2019 second corn crop was estimated at 65.8 million tonnes versus 64.9 million tonnes in a prior forecast, INTL FCStone said.
* Investors continue to watch for news on US-China trade talks on hopes that a deal could include a large grain purchase by China.
* US President Donald Trump on Thursday warned he could walk away from a trade deal with China if it were not good enough, even as his economic advisers touted "fantastic" progress towards an agreement to end the dispute.
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