CBOT corn ends lower on profit-taking, farmer selling

CHICAGO, Oct 24 (Reuters) - Chicago Board of Trade corn futures ended lower on Friday on a flurry of profit-taking and farmer selling after the most-active December contract CZ25 set a one-month high a day earlier, traders said.

• CBOT December corn CZ25 settled down 4-3/4 cents at $4.23-1/4 per bushel.

• For the week, the contract was little changed, rising 3/4 cent.

• The corn harvest is advancing in the U.S. Midwest.

• Fears that U.S. yields will fall short of the most recent official forecasts have underpinned futures prices in the absence of updates from the U.S. Department of Agriculture during the government shutdown.

• Trade was subdued on Friday as market players awaited news on U.S. trade relations with China, which has shunned U.S. soybeans so far this marketing year.

• U.S. President Donald Trump is set to meet next week with Chinese President Xi Jinping in South Korea, with Trump reiterating that soybean purchases will be a major point of discussion.