CBOT corn rises as rain slows US harvest, traders await summit

CHICAGO, Sept. 21 (Reuters) - Chicago Board of Trade corn futures advanced on Monday on hopes for potential Chinese demand and as rain hampered US harvests, traders said.

• Traders were watching for potential US-China trade deals that may include Chinese purchases of American grain as a result of a summit expected on Thursday between Presidents Donald Trump and Xi Jinping.
• Rain has disrupted US harvests in some areas of the Midwest and delayed an influx of new supplies, analysts said.
• Analysts polled by Reuters, on average, expect the US Department of Agriculture to report on Monday that the corn harvest was 13% complete. That would be one point slower than the five-year average for this point of the season.
• US corn condition ratings likely remained unchanged from last week, analysts said.
• CBOT December corn CZ26 ended up 15-1/2 cents at $5.43 per bushel.