DELMARVA — Federal agriculture officials released projections Tuesday showing the nation’s wheat harvest could be one of the smallest in decades. The USDA’s first outlook for the 2026-2027 marketing year also forecasts reduced corn production and increased soybean cultivation.
Agricultural economists predict both corn and soybean prices will climb higher as growing demand for biofuel production continues to influence market conditions.
Markets
Grain futures posted solid gains in Monday’s trading. July corn closed at $4.80 per bushel, up nearly 5 cents. July soybeans jumped 13.75 cents to $12.26.75. July Chicago wheat added 45 cents to $6.79.
Locally, Laurel Grain Company in Laurel, Delaware is bidding $5.24 a bushel for July corn and $11.67 for July soybeans.
Forecast
Sunny skies are expected today with a high near 67°F and south winds 15 to 20 miles per hour. Rain showers move in tonight with a low around 56°F. Thursday brings a chance of morning showers then partly sunny skies with temperatures reaching 65°F.
This article is based on the Delmarva Farm Report Update Morning Edition, May 13, 2026. Hosted by Tom Bradley.
