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 2023 Harvest Policies
| Delivery Start | Delivery End | Cash Price | Basis | Futures Price | Futures Change |
|---|---|---|---|---|---|
| Corn | |||||
| Soybeans |
All grain prices are subject to change at any time.
Cash bids are based on 10-minute delayed futures prices, unless otherwise noted.
- Wheat Rallying to Round out Strong Week
- Wheat bulls are continuing to push the shorts out on Friday, as contracts are up across much of the board. Kansas City continues to lead the way, with gains of 10 to 13 cents at midday. Chicago futures are trading with 4 to 5 cent gains across the front months....
- Soybeans Hesitant to Head Higher on Planting Delays
- Soybeans are trading with fractional to 3 ¼ cent losses across the nearby contracts on Friday. Soymeal is down $2.30 in the nearby May contract. Soy Oil is showing some strength, up 15 points for May. May options expire across the complex today. Planting will likely be put on hold...
- Cattle Regaining Strength to Round Out Week
- Cattle futures are continuing to shrug off the Wednesday overreaction, as contracts are up another 60 cents to $1.52 at midday. Cash trade kicked off on Thursday with a steady/higher note this week, as the South was at $182 in TX and $182-183 in KS, even to $1 above a...
- Hogs Continue Drop into Friday
- Lean hogs are down another $1.12 to $2.45 at midday. USDA’s National Average Base Hog negotiated price was not reported on Friday morning, with a 5 day rolling average at 90.45. The CME Lean Hog Index was back down 21 cents on April 24 at $91.43. May futures still hold...
- Corn Sneaking Higher into the Weekend
- Midday action in the corn market has futures showed fractional to 1 cent gains across the front months. Some spillover support form wheat could be attributed to the gains. Rains over the next few days will put a pause on planting for a good chunk of the Corn Belt. There...
- Cotton Mixed on Friday
- Cotton futures showing mixed action on Friday, with front months up 6 to 49 points and December and beyond down 3 to 22 points. The outside markets are providing a mixed influence, with crude oil up 45 cents/barrel and the US dollar index 469 points higher. ICE certified cotton stocks...
4/25/24 Commentary:
• The wheat market makes a new push higher while corn basis is starting to roll over.
• Soybean line-up estimates in Brazil continue to increase for April, despite much lower expected production in 2024. At least two factors may help explain Brazil’s strong soybean shipments—which have been affecting U.S. exports. First, a weaker exchange rate in April has helped keep export premiums and prices relatively more competitive. Second, higher exports could be an indication of more supply in the country, and production may be higher than many agencies are estimating (>150 million metric tons?).
• Argentine corn farmers are bracing for a warmer than usual Southern Hemisphere winter that will likely undermine efforts to reduce the population of leafhopper insects that damage the crop, the Rosario grains exchange (BCR) said on Wednesday. Agricultural powerhouse Argentina is the world's No. 3 corn exporter, as well as a major soybean, wheat and beef producer. Local corn yields, however, have been hit by explosive growth of leafhoppers, whose appetite for plant sap weakens corn plantings while triggering stunted growth and leaf yellowing. The insects also help spread plant disease.
CORN:
• Export Sales trade estimates for the week ending April 18; Corn: 16-35 million bu for 23/24; 1-14 for 24/25
• Ethanol grind: 954,000 barrels/day for week ending April 19, dn 3.0% compared to last week and 1.3% vs. last year. Stocks were 25.733 mb, dn 0.347 mb from the prior week and slightly below the average trade estimate of a 0.324 decrease
• Consultant: Argentina 23/24 corn est. unchanged at 50.0, lower bias
• wet weather slowing harvest; 17.2% as of late last week vs. 32% avg.
• yields are expected to decline significantly as harvest moves into later planted crop, which is more impacted by corn stunt
disease
• Funds sold 3 K—weaker trade; weather in the U.S. and South America
SOYBEANS:
• Trade estimates for USDA Export Sales report (week ending April 18)
• Beans: 11-22 for 23/24; 0-11 for 24/25
• Meal: 100-400 for 23/24; 0-50 for 24/25
• Oil: (5)-10 for 23/24; 0-10 for 24/25
• Weekly soybean crush in China was up 0.180 Million metric tons at 1.95 Million metric tons during the week ending April 19, a 27.5% increase week-on-week and up 22.6% from a year ago (CNGOIC)
• ATI Research: U.S. beans planted for the week ending April 28 show the 5- year avg. at 10% vs. 16% last year; planting was 8% complete as of April 21
• Funds were even SB, bought 4 K SM, sold 4 BO. May crush, -1 @ $.875/ bu
FINANCIALS:
U.S. stock futures fall on early Thursday affected by poor META’s results
WALL STREET FUTURES - Weaker:
Dow, -145; S&P, -31; NAS, -164
Asia - Mixed:
Nikkei, -2.16%; Shanghai, +0.27%;
Hang Seng, +0.48%
EUROPE - Mostly weaker:
DAX, -0.6%; FTSE, +0.65%; CAC -0.59%
June Gold: +$0.3 @2,339
June CRUDE: $0 @$82.81
Jun U.S. Dollar Index: -0.245 @105.700
