Trade optimism lifts CBOT corn futures to multi-month highs

CHICAGO, Oct 28 (Reuters) - Chicago Board of Trade corn futures ended higher on Tuesday, with the most-active contract Cv1 touching the highest level since July 3, as optimism over trade demand boosted grain and soy markets, traders said.

• CBOT December corn CZ25 ended up 3-1/4 cents, settling at $4.32 per bushel.

• U.S. President Donald Trump and China's Xi Jinping are slated to meet this week in South Korea. Trump said the U.S. and China are set to "come away with" a trade deal.

• Trump lavished praise on Japan's new Prime Minister Sanae Takaichi in Tokyo on Tuesday, and signed deals on trade and rare earths.

• The U.S. Department of Agriculture normally publishes a weekly crop progress report each Monday afternoon from April through November.

• But due to the ongoing government shutdown, the agency has not released a crop progress report since September 29.

• Spot cash soybean basis bids were higher and corn bids were mixed on Tuesday as some farmers took advantage of a price bounce to sell.

• The U.S. corn harvest was 72% finished, according to a Reuters poll of 10 analysts on Monday.

• Leading South Korean animal feed maker Nonghyup Feed Inc. (NOFI) bought an estimated 204,000 metric tons of animal feed corn in an international tender seeking up to 207,000 tons on Tuesday, European traders said.