CBOT corn rebounds on US export demand

CHICAGO, April 30 (Reuters) - Chicago Board of Trade corn futures finished stronger on Wednesday as solid U.S. export demand supported prices, analysts said.

• CBOT July corn CN25 ended up 5-1/4 cents at $4.75-1/2 per bushel.

• The most-active contract Cv1 rebounded after falling to the lowest price since April 9.

• The U.S. Department of Agriculture said in a daily reporting system that exporters sold 120,000 metric tons of U.S. corn to unknown buyers. On Tuesday, the agency confirmed sales of 120,000 metric tons of U.S. corn to Spain.

• The Korea Feed Association (KFA) in South Korea also is believed to have purchased about 65,000 metric tons of animal feed corn expected to be sourced from the United States in a private deal on Wednesday, European traders said.

• On Thursday, the USDA is slated to issue weekly grain and soybean export sales data. Analysts expect U.S. corn sales of 700,000 to 1.5 million metric tons.

• Weekly U.S. ethanol output rose, while stocks declined, the Energy Information Administration said.