CBOT corn ends higher on weather risk, U.S-China trade optimism

CHICAGO, June 6 (Reuters) - Chicago Board of Trade corn futures ended higher on Friday on weather conditions in parts of the central U.S. and buoyed by news that U.S. President Donald Trump and Chinese leader Xi Jinping held a call to iron out trade disputes between the world's two largest economies, traders said.

• CBOT July corn CN25 settled up 3 cents at $4.42-1/2 per bushel.

• Support came from forecasts calling for warmer and drier conditions in the U.S. Midwest in mid-June that could stress corn and soybean crops, according to analysts.

• After Trump and Xi agreed to further discussions, Trump announced that three of his top aides will meet their Chinese counterparts in London on Monday for talks to resolve a trade dispute that has kept global markets on edge. China is by far the world's biggest soybean importer.

• Large speculators increased their net short position in Chicago Board of Trade corn futures in the week to June 3, regulatory data released on Friday showed.

• The U.S. Department of Agriculture is slated to update U.S. corn and soy crop condition ratings in a weekly report on Monday.