The 120th Annual meeting of stockholders will be at the
Danvers Township Community Room
on Thursday January 9th @ 5:15 P.M. with dinner to follow.
To RSVP please contact the elevator by phone @ 309-963-4305 or email Ryan@dfegrain.com.
While volatility persists in all market sectors, there will be times that DFE will be taking protection in our bids and/or going no-bid for the protection of our owners.
We ask that customers please call to make grain transactions during active trading hours on the Chicago Board of Trade when DFE is open for business,
Monday through Friday from 7:00 am to 1:20 pm.
Outside of the times listed above, we're happy to work firm offers for grain marketing needs.
Please work with DFE staff for all of your grain marketing needs. We appreciate your loyalty!
Click Here for Our 2024 Harvest Policies
All grain prices are subject to change at any time.
Cash bids are based on 10-minute delayed futures prices, unless otherwise noted.
- Cotton Falls Lower on Friday
- Cotton futures posted losses of 12 to 92 point losses on Friday, with March falling 123 points on the week. The outside factors should be supportive but were not, as the US dollar index was down 469 points, with crude oil $0.94/barrel higher. USDA reported 128,866 RB of cotton sold...
- Hogs Slip Lower on Friday
- Lean hog futures closed with contracts steady to 92 cents lower on Friday. The national average base hog negotiated price was reported at $79.59 on Friday afternoon, which was down 49 cents from the day prior. The CME Lean Hog Index was reported at $83.99 on December 31, down 28...
- Wheat Collapses into the Weekend, with Marketing Year Low in Export Business
- The wheat market posted double digit losses across most contracts in the three exchanges on Friday. Chicago SRW futures closed with contracts down 11 1/4 to 16 1/2 cents on the day. March fell 17 ¼ cents this week. KC HRW contracts closed with 12 ½ to 13 1/2 cent...
- Cattle Closes Mostly Lower Despite $200 Cash
- Live cattle futures closed with most contracts down anywhere from a nickel to $1.40 and Feb up 45 cents. Cash trade this week was reported at $196-197 in the South and $200 in the North. This morning’s Fed Cattle Exchange from Central Stockyards showed sales on 434 of the 868...
- Corn Collapses on Friday
- The corn market felt pressure on Friday after a lack luster export sales performance. Futures ended the session with contracts down 4 ¼ to 9 cents, as corn fell with much of the rest of the commodities. March was down 3 ¼ cents on the week. The national average Cash...
- Soybeans Fall on Friday, as Meal Collapses
- Soybeans collapsed on Friday, as contracts are closed with losses of 15 ½ to 21 ¼ cents at the final bell. March soybeans closed the week with a 2 cent gain. CmdtyView’s national front month Cash Bean price was down 20 1/4 cents at $9.36 1/2. Soymeal futures were down...
1/3/24 Commentary:
- Corn spreads are softer, and soybean spreads are firmer.
- The trade seemed to give little attention to NASS’s 87 million pound upward revision in October’s end of month soybean oil stocks which in turn, boosted the November total to 1.6 billion and was 130 million above expectations. Also, soybean meal stocks rose 173 K ST/52% to a 10-year November high of 514 K ST with some suggesting such a large build could be a drag on crush/meal basis the next few weeks.
CORN:
- March corn futures closed at $4.595 on Thu.—highest since June 24
- USDA Export Sales report at 7:30 am CST; corn, 31-55 million bu. for 24/25 and 0-2 for 25/26
- Ethanol grind: 1,111,000 bpd for week ending Dec. 27, up 0.4% vs. last week and 5.9% compared to last year. Stocks were 23.639 mb, up 0.565 mb from the prior week and notably above the average trade estimate of a 0.234 increase
- Total of 98% of Argentina’s early corn crop (silking) is forecast to receive below to much below normal rainfall over the next 14 days
- temps projected to be in the 90s-100s most days
- The Funds were even, some profit-taking and strong ethanol number
SOYBEANS:
- March soybean meal futures closed $319.90 on Thu., which is the highest settlement since Oct. 9
- March soybeans closed at $10.12 on Thu.—highest since Nov. 18
- Trade estimates for USDA Export Sales report (week ending Dec. 26)
- Beans: 18-44 for 24/25 and 0-4 for 25/26
- Meal: 150-350 for 24/25 and 0-50 for 25/26
- Oil: 5-30 for 24/25 and 0-10 for 25/26
- ATI Research: USDA Nov. crush report pegged soyoil stocks well above trade expectations following an upward revision of Oct. 31 inventories
- Funds were even SB, bot 3 SM; sold 2 BO. Jan Board Crush, +$.05 @ $1.21
FINANCIALS:
Futures are higher again this morning.
WALL STREET FUTURES - Firmer:
Dow, +58; S&P, +12.75; NAS, +72
Asia - Weaker:
Nikkei, 0%; Shanghai, +1.89%;
Hang Seng, -0.25%
EUROPE - Mixed:
DAX, +0.59%; FTSE, -0.15%; CAC +0.9%
February Gold: +$2.7 @2,672
February CRUDE: $-0.26 @$72.87
Mar U.S. Dollar Index: -0.409 @109.209