DELMARVA — Weather concerns drove grain prices higher Tuesday, with traders citing stress on crops at critical development stages. Short covering and technical buying pushed soybeans up sharply, and a midday forecast update added fuel to the rally.
Growing trade chatter about China purchasing roughly 300,000 tons of U.S. soybeans also circulated through markets, though the U.S. Department of Agriculture had not confirmed any deal as of Tuesday.
Markets
September corn closed up 5.5 cents at $4.43¾. August soybeans finished at $11.93¾, up 9¾ cents. September Chicago wheat settled at $6.18½, up 4.5 cents. August live cattle slipped 67 cents to $238.42.
At Laurel Grain Company in Laurel, Delaware, September corn is bidding $4.89/bu and November soybeans are at $11.48.
Policy
Virginia Eastern Shore farmers can sign up beginning July 15 for cover crop cost-share funding through the Eastern Shore Soil and Water Conservation District. Appointments run through August 21 on a first-come, first-served basis. Interested producers can contact District Manager Carmie Ross at 757-302-4431 to schedule.
Forecast
Scattered showers and thunderstorms are possible across Delmarva through Tuesday night, with a low near 69°F. Wednesday brings mostly sunny skies and a high of 82°F, offering good drying conditions.
This article is based on the Delmarva Farm Report Update Evening Edition, July 7, 2026. Hosted by Tom Bradley.
