DELMARVA — Soybean futures tumbled Monday with several contracts hitting their daily loss limits as trade concerns with China intensified. May soybeans closed down $0.70 at $11.55¼ per bushel. Traders are worried that negotiations scheduled for late March could be delayed due to Gulf region tensions.
Meanwhile, Middle East conflict continues driving up input costs for growers across the nation. Fertilizer and fuel prices are climbing, putting pressure on farm budgets as planting season approaches.
Markets
May corn settled at $4.54 per bushel, down $0.13¼. May wheat fell $0.11½ to $4.83¾. Soybean meal closed at $312.20 per ton, down $10.50.
On the livestock side, April live cattle jumped $2.35 to $233.25 per hundredweight. April feeder cattle surged $6.75 to $349.85.
Forecast
Severe weather is moving through this evening with showers and thunderstorms. A wind advisory remains in effect through 2 a.m. with gusts up to 45 miles per hour. Growers should hold off on field work tonight. Temperature is dropping to 31°F with southwest winds 20 to 30 miles per hour.
Tuesday turns much colder with a high of 44°F and scattered snow showers. Northwest winds 20 to 25 miles per hour. Better conditions return Wednesday with partly sunny skies and a high near 40°F.
This article is based on the Delmarva Farm Report Update Evening Edition, March 16, 2026. Hosted by Tom Bradley.
