DELMARVA — Soybean futures climbed higher Wednesday, fueled by strength in both soybean oil and crude oil markets. Investment funds and technical traders drove purchasing activity, pushing soy oil to new peak levels on favorable crush margins.
Weather forecasts showing drier conditions ahead should help farmers accelerate planting operations across growing regions. National soybean planting progress continues to advance despite some weather-related delays.
Policy
House Agriculture Committee Chairman Glenn Thompson said he’s confident lawmakers will pass the Farm, Food, and National Security Act Thursday. Thompson told agricultural media at the National Association of Farm Broadcasters Washington Watch event he expects the bill to clear the House by noon Thursday. The legislation sets major policy direction for the nation’s agricultural sector over the coming years.
Markets
June live cattle finished up $1.75 at $255.25. August live cattle gained $0.62 to close at $249.72. Feeder cattle moved lower, with May contracts down $0.22 at $371.50.
For local grain, Laurel Grain Company in Laurel, Delaware is paying $5.23 per bushel for corn with July delivery. Soybeans at Laurel are bringing $11.37 for July.
Forecast
Showers and thunderstorms are expected tonight with lows around 50°F. Thursday looks mostly sunny with highs near 66°F and northwest winds at 10-15 mph.
This article is based on the Delmarva Farm Report Update Evening Edition, April 29, 2026. Hosted by Tom Bradley.
