DELMARVA — The American Farm Bureau Federation is warning that losses for major row crops nationwide could surpass $32 billion by 2027, citing historic inflation across the farm economy stretching back to 2021 as a key driver. Federation Vice President of Public Policy John Newton points to tight margins and elevated input costs that have squeezed producers for years, with the Federation saying conditions are still worsening.
Farm groups remain split over a $12 billion agricultural aid package tucked into a House budget reconciliation bill that cleared a vote Wednesday. Some organizations are welcoming the relief, while others have raised reservations about the measure.
Markets
Thursday’s closing futures showed September corn up 2 cents at $4.64. August soybeans rose 4.5 cents to $12.37¾. September Chicago wheat fell 9.5 cents, settling at $6.96¼.
On the livestock side, August live cattle gained $2.20 to settle at $225.40, and August lean hogs closed at $102.15.
Locally, Laurel Grain Company in Laurel is bidding $5.11 per bushel on December corn and $12.03 on November soybeans.
Forecast
Friday offers favorable conditions for field work, with mostly sunny skies, a high of 82°F, and light easterly winds up to 10 mph. Tonight turns mostly cloudy with a low of 64°F. Saturday brings mostly sunny skies again, a high of 82°F, and winds of 5-10 mph out of the east. Dry conditions are expected to hold through the weekend.
This article is based on the Delmarva Farm Report Update Morning Edition, July 24, 2026. Hosted by Tom Bradley.
