%{{tag.tag}} {{articledata.title}} {{moment(articledata.cdate)}} @{{articledata.company.replace(" ","")}} comment U.S. farmers are scrambling to sell their crops as the war with Iran leads to a surge in grain prices. Farmers across American who held off selling last year's harvest due to weak prices are now rushing to sell their corn and soybean crops, according to the U.S. Department of Agriculture. Since the U.S. and Israel attacked Iran, farmers across the Midwest have capitalized on climbing prices by selling corn, soy and wheat from storage bins to ethanol producers and major traders such as Archer-Daniels-Midland (NYSE: $ADM ). Farmers are also reportedly signing contracts to pre-sell crops this year that have not yet been planted as they seek to lock-in current prices. The current situation is expected to help farmers offset some of the costs associated with soaring fertilizer, chemical, and seed bills. Soybean prices are at their highest level since May 2024 and currently trading at $12 U.S. per bushel on the Chicago Mercantile Exchange. Corn's price is at its highest level since May 2025 and wheat futures are trading at a two-year high. The sharp price increase, which has been caused by the U.S. and Israel attacking Iran, is welcome news for farmers. Last year, crop prices slumped due to oversupply and a decline in agriculture exports to China, a key buyer of U.S. products. In addition to the current reversal in crop prices, the U.S. Department of Agriculture has started distributing $12 billion U.S. in aid to American farmers hurt by tariffs and trade policies.