American farmers are rushing to sell stored corn and soybeans and enter into forward contracts to capitalize on surging grain prices following attacks on Iran by the US and Israel. Soybean futures have reached $12 per bushel, hitting the highest level since May 2024, while corn and wheat futures have also reached multi-year highs. This price rebound helps offset rising input costs, following last year's sharp decline in grain prices due to oversupply and reduced exports to China. The US Department of Agriculture has also begun distributing $12 billion in aid to farmers affected by tariffs.