White House Seeks 1.1B in Farm Aid Tied to Iran War Package

Listen to the Evening Delmarva Farm Report Update — June 24, 2026

DELMARVA — The Trump administration is asking Congress to include $11.1 billion in farm aid inside a nearly $90 billion spending package tied to the Iran war. The White House is also pushing for year-round sales of E-15 fuel — the 15% ethanol blend — to be folded into the same bill. Both measures would move together through Congress as part of that high-priority legislation.

Markets

At Wednesday’s close, July corn fell 2¾ cents to $4.07/bu. July soybeans dropped 6¼ cents, closing at $11.08¾. July Chicago wheat edged down a penny to $5.85¾.

On the livestock side, August live cattle gained 52 cents to $246.52. August feeder cattle surged $4.77 to close at $372.92. July lean hogs slipped 37 cents to $93.85.

At Laurel Grain Company in Laurel, Delaware, December corn is bringing $4.50/bu and November soybeans are at $10.85.

Crop Disease

Tar spot has been confirmed early this season in Indiana, Iowa, Missouri, Nebraska, and Kansas. Cool, wet conditions are being blamed for the early spread. Delmarva corn growers are advised to stay aware as weather patterns shift.

Forecast

Clear skies are expected Wednesday evening with a low of 64°F. Thursday brings mostly sunny skies and a high of 86°F, offering good fieldwork conditions before rain chances move in Friday.

This article is based on the Delmarva Farm Report Update Evening Edition, June 24, 2026. Hosted by Tom Bradley.