Corn Prices Hit 5-Week Low

2026-05-28 02:41 By Joshua Ferrer 1 min. read

Corn futures fell to around $4.5 per bushel, hitting a five-week low as uncertainty over global trade and geopolitical developments weighed on prices.

A potential US–Iran peace deal that could reopen the Strait of Hormuz and restore flows of fuel and fertilizers critical for crop production is seen as supportive for agricultural supply, potentially boosting global grain output.

However, crude oil prices rebounded on reports of fresh US strikes in southern Iran, reinforcing biofuel-related demand.

Elsewhere, doubts over a US–China trade agreement added pressure.

While the US administration said China had agreed to purchase at least $17 billion in US agricultural goods annually through 2028 following Trump–Xi talks in Beijing, China’s Commerce Ministry described the arrangement only as a “guiding target” to expand trade, without confirming the figure.

USDA data indicates that a recovery in Chinese corn imports would mark a notable shift after nearly two years of subdued buying.



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Corn Prices Hit 5-Week Low
Corn futures fell to around $4.5 per bushel, hitting a five-week low as uncertainty over global trade and geopolitical developments weighed on prices. A potential US–Iran peace deal that could reopen the Strait of Hormuz and restore flows of fuel and fertilizers critical for crop production is seen as supportive for agricultural supply, potentially boosting global grain output. However, crude oil prices rebounded on reports of fresh US strikes in southern Iran, reinforcing biofuel-related demand. Elsewhere, doubts over a US–China trade agreement added pressure. While the US administration said China had agreed to purchase at least $17 billion in US agricultural goods annually through 2028 following Trump–Xi talks in Beijing, China’s Commerce Ministry described the arrangement only as a “guiding target” to expand trade, without confirming the figure. USDA data indicates that a recovery in Chinese corn imports would mark a notable shift after nearly two years of subdued buying.
2026-05-28
Corn Futures Ease as US-China Trade Deal Uncertainty Lingers
Corn futures fell to around $4.60 per bushel, pulling back from recent one-year highs, amid doubts over China’s commitment to US agricultural purchases. While the Trump administration stated that Beijing had agreed to buy at least $17 billion in US agricultural products annually through 2028, following Trump-Xi talks in Beijing, China’s Ministry of Commerce clarified on Wednesday that the two nations had only set a “guiding target” to expand trade, without confirming the $17 billion figure. The potential deal was seen as a positive for corn futures, as it could complement the existing soybean agreement and extend to other commodities. USDA data suggests that a resumption of Chinese corn imports would mark a shift after nearly two years of subdued buying. However, farmers remain vulnerable to recent surges in fuel and fertilizer costs tied to Middle East geopolitical tensions, which continue to impact production and pricing.
2026-05-20
Corn Futures Slip
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.
2026-05-18