# How Low Will Corn Go? - AgWeb

> Analyst Jerry Gulke says corn and wheat posted lower monthly closes in May, with corn failing to close above its April high. Corn is 33 cents per bushel below its May 13 high after the China summit outcome disappointed traders, who found the announced $17 billion in US farm purchases weaker than expected.

- Date: 2026-05-30 · published 2026-05-30T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/19270-how-low-will-corn-go-agweb
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Disappointment over China purchase commitments and weaker technicals point to continued downside pressure on corn and wheat futures.

## Read by commodity

- SOY: neutral
- CORN: bearish ▼
- WHEAT: bearish ▼

## Sources

- agweb.com: https://www.agweb.com/markets/how-low-will-corn-go

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.