Corn Futures Slip

2026-05-18 03:47 By Czyrill Jean Coloma 1 min. read

Corn futures slipped to around $4.70 per bushel, retreating from a recent surge after long-awaited details emerged regarding China’s commitment to purchase US agricultural goods.

China pledged to buy at least $17 billion annually in US agricultural goods through 2028 after high-level talks in Beijing between President Donald Trump and President Xi Jinping aimed at easing trade tensions.

The announcement is seen as supportive for corn futures, as the purchases would add to an existing soybean agreement and could potentially extend into other agricultural commodities.

According to US Department of Agriculture data, a return of Chinese corn imports would represent a shift from roughly two years of subdued buying activity.

However, farmers remain sensitive to recent spikes in fuel and fertilizer prices linked to ongoing geopolitical tensions in the Middle East, which continue to influence crop production and pricing dynamics.



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