DELMARVA — Soybean prices pushed higher Tuesday as traders remain hopeful China will soon return as a buyer of U.S. supplies. No confirmed sales have been reported yet, but a recent drop in U.S. prices has helped close the gap with Brazilian soybeans on the global market, potentially making American supplies more competitive.
Markets
Tuesday’s closing futures showed July corn settling at $4.13¾, up 1¾ cents. July soybeans closed at $11.30, up 10¾ cents. July Chicago wheat finished at $5.96, gaining 6¼ cents.
In livestock, August live cattle surged nearly $6 to settle at $249.20. August feeder cattle closed at $366.87. July lean hogs fell to $94.80.
For local cash bids, corn at Laurel Grain Company in Laurel, Delaware is bringing $4.58/bu for July delivery. Soybeans there are at $10.74 for July.
Policy
A new report from S&P Global Energy says expanding biofuel production could deliver meaningful relief to a struggling farm economy. The CEO of U.S. Farmers and Ranchers in Action says agriculture is at a crossroads, comparing current conditions to some of the industry’s toughest stretches.
Forecast
Wednesday brings a high of 84°F with southeast winds at 5-10 mph and a slight chance of showers. Thursday heats up significantly, reaching 93°F with winds increasing to 15-20 mph out of the southwest and afternoon showers and thunderstorms likely. Producers are advised to plan field work for the morning hours.
This article is based on the Delmarva Farm Report Update Morning Edition, June 17, 2026. Hosted by Tom Bradley.
