Corn futures fall on soybean weakness and stronger dollar
On 29 September 2026, Reuters reported that Chicago Board of Trade (CBOT) December corn futures closed lower, settling 5 ¼ cents at $5.23 per bushel after reaching an intra‑session low of $5.1725. The decline was attributed to a combination of soybean weakness and a stronger U.S. dollar, which typically diminishes the competitiveness of American grains in overseas markets.
Soybean futures experienced a sharp sell‑off after traders learned that soybeans were omitted from the list of agricultural products slated for tariff reductions in the United States‑China negotiations. The tariff reduction proposals were announced following the summit between President Donald Trump and President Xi Jinping held the previous week.
Although corn and wheat were included in the proposed Chinese tariff cuts, market participants noted that Beijing is believed to have limited demand for U.S. supplies of these grains, providing little price support during the session.
The overall market environment was further pressured by a firmer dollar, which reduces export competitiveness for U.S. agricultural commodities.