Corn Trades at 7-Week Low

2026-06-01 02:59 By Joshua Ferrer 1 min. read

Corn futures held below $4.5 per bushel, trading near a seven-week low as uncertainty over global trade and geopolitical developments weighed on prices.

A potential US–Iran ceasefire 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, the talks showed little progress and tensions in the Middle East stayed elevated, pushing crude oil prices higher.

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.



News Stream
Corn Trades at 7-Week Low
Corn futures held below $4.5 per bushel, trading near a seven-week low as uncertainty over global trade and geopolitical developments weighed on prices. A potential US–Iran ceasefire 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, the talks showed little progress and tensions in the Middle East stayed elevated, pushing crude oil prices higher. 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.
2026-06-01
Corn Hits 6-week Low
Corn decreased to 446.75 USd/BU, the lowest since April 2026. Over the past 4 weeks, Corn lost 3.84%, and in the last 12 months, it increased 0.66%.
2026-05-29
Corn Prices Hover 3-Week Lows
Corn futures traded around $4.5 per bushel, hovering near three-week lows 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