DELMARVA — Soybeans and corn finished the day strong ahead of the Memorial Day weekend, with soybean prices climbing on short covering and technical buying. Commodity traders say crop planting and growing conditions look generally positive across farming regions, though markets continue watching for potential new Chinese purchasing activity.
Insurance
Farmer sign-ups for supplemental crop insurance have surged across Delmarva. A University of Delaware farm business specialist reports that participation in enhanced coverage programs jumped from just 170 policies last year to 1,440 policies this year.
That increase came after Congress boosted federal premium subsidies from 65% to 80% last July, cutting what farmers pay by about 43%. 1 Maryland grower cultivating nearly 1,000 acres of corn and soybeans called it simple mathematics, saying the program added a lot more coverage for not as much premium.
Pest Outlook
Late planting caused by dry weather may bring heavier insect pressure to soybean fields this season. An agricultural specialist says delayed planting creates a cycle where pest insects establish multiple breeding cycles, potentially leading to larger populations targeting soybeans as other crops dwindle.
Markets
Corn at Laurel Grain Company is bringing $5.02 a bushel for December delivery. Soybeans there are $11.38 for November.
Forecast
Expect rain through tomorrow with temperatures in the low 60s. Rain continues through the Memorial Day weekend with highs reaching the low 70s.
This article is based on the Delmarva Farm Report Update Evening Edition, May 22, 2026. Hosted by Tom Bradley.
