CBOT corn ends higher on bargain-buying, softer dollar

CHICAGO, June 4 (Reuters) - Chicago Board of Trade corn futures ended higher on Wednesday on bargain-buying a day after the most-active contract Cv1 hit a multi-month low and on spillover strength from wheat and soybeans, traders said.

• CBOT July corn CN25 settled up 1/4 cent at $4.38-3/4 per bushel.

• New-crop CBOT December corn CZ25 ended up 5-1/4 cents at $4.43-3/4 a bushel.

• Commodity funds hold a net short position in CBOT corn futures, leaving the market vulnerable to short-covering bounces.

• A setback in the dollar .DXY lent support, in theory making U.S. grains more attractive to those holding other currencies. USD/

• Rallies were capped by benign U.S. crop weather as farmers wrap up planting. The 2025 corn crop was 93% seeded as of June 1, the U.S. Department of Agriculture said.

• Ahead of Thursday's weekly USDA export sales report, analysts expected the government to report export sales of U.S. old-crop corn in the week to May 29 at 775,000 to 1,400,000 metric tons.

• The U.S. Energy Information Administration said weekly production of corn-based ethanol rose in the latest week to 1.105 million barrels per day, a two-month high, while stockpiles rose slightly to 24.440 million barrels after falling to a five-month low the previous week. EIA/S