DELMARVA — Crop prices continued their slide Thursday as favorable planting weather across the corn belt pushed both soybeans and corn lower. Market analysts say total planted acreage may exceed the USDA’s March projections.
Meanwhile, export sales showed some bright spots. Corn exports from the previous harvest came in significantly higher than typical during the week ending May 14, with Japan and South Korea leading the purchase activity according to the USDA. Soybeans also improved after several weeks of hitting seasonal lows.
Markets
July corn closed at $4.63, down 3 cents. November soybeans settled at $11.87, off 4 cents. July wheat finished at $6.32, down a penny.
On the cash side, corn at Laurel Grain Company in Laurel, Delaware is bringing $5.07 a bushel for July delivery. Soybeans there are $11.35 for July.
Policy
A federal court ruling is bringing more certainty to the H-2-A guest worker program. An agricultural employer organization says reforms to wage calculations will continue following a decision that rejected a preliminary injunction request.
Forecast
Rain showers are likely through tonight with temperatures dropping to 54°F. Friday brings more rain showers with a high of 62°F and east winds 10 to 15 miles per hour. Rain continues into the weekend, which could slow fieldwork across Delmarva.
This article is based on the Delmarva Farm Report Update Evening Edition, May 21, 2026. Hosted by Tom Bradley.
