CBOT corn futures slipped on May 22, 2026 as traders awaited details on China’s $17 billion annual U.S. ag purchase commitment.
USDA reported net old‑crop corn export sales of 2,125,316 metric tons for week ending May 14, exceeding expectations, with new‑crop sales at 281,430 tons.
China’s Ministry of Commerce announced reduced agricultural tariffs but has not confirmed purchase volumes after Xi‑Trump summit, adding market uncertainty.
Wetter Midwest forecasts are expected to benefit corn crop development, providing some support to prices despite the slip.