DELMARVA — The USDA released updated planting figures Tuesday showing nationwide corn planted area at 95.343 million acres, a revision 5 million acres above the previous estimate, signaling a larger crop than many analysts had anticipated heading into summer.
Soybean acres are now pegged at 85.365 million, up 700,000 acres from the March prospective plantings report and 5% above last year’s total. Both revisions point to a significantly larger crop than the market had priced in.
Policy
President Trump signed a proclamation Tuesday temporarily suspending countervailing duties on phosphate fertilizer imports from Morocco. Farm groups welcomed the move. Jed Bower, president of the National Corn Growers Association, called it a significant development for growers, though he acknowledged the relief is not permanent.
Markets
July corn futures gained 10¾ cents Tuesday, settling at $4.12¾. July soybeans closed up 8 cents at $11.16¾. July Chicago wheat posted a strong gain of 11¼ cents, finishing at $5.80¾. August live cattle slipped $1.15 to $242.42.
At Laurel Grain Company in Laurel, Delaware, December corn is bringing $4.51 per bushel and November soybeans are at $10.94.
Forecast
An Extreme Heat Warning is in effect for Delmarva through the Fourth of July. Tuesday night will be partly cloudy with lows near 69°F. Wednesday brings sunny skies and a high of 95°F. Livestock operators and farm managers are urged to take precautions to protect animals and field crews from the dangerous heat.
This article is based on the Delmarva Farm Report Update Evening Edition, June 30, 2026. Hosted by Tom Bradley.
