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!
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| 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.
- Cotton Settles Lower on Thursday
- Cotton futures were down 22 to 50 points across most contracts on Thursday. The outside markets are a pressure factor, with crude oil down $0.35/barrel and the US dollar index 190 points higher. The Seam reported 2,657 bales of online sales on October 16 at an average price of 69.08...
- Wheat Posts Strength on Thursday
- The wheat complex posted gains across the three exchanges on Thursday. Chicago SRW futures were 4 to 4 ½ cents higher on the day. KC HRW contracts were up 4 ¼ to 7 1/4 cents on the session. MPLS spring wheat rallied 4 ¼ to 8 cents higher into the...
- Cattle Closes Mixed on Thursday
- Live cattle futures were mixed again on the Thursday session contracts anywhere from 50 cents lower to 22 cents higher. The 6 deliveries against October from Wednesday were retendered on Thursday. The Thursday morning Central Stockyards online Fed Cattle Exchange auction showed no sales on the 2,720 head listed for...
- Hogs Mixed at the Close
- Lean hog futures were mixed with contracts 45 cents higher to 35 cents lower. The national average base hog price was reported at $76.15 on Thursday afternoon, down $1.28 from the previous day. The CME Lean Hog Index was reported at $83.85 on October 15, down 23 cents from the...
- Soybeans Pull Out Gains on Thursday
- Soybeans faced early weakness on Thursday, but bulls fought back to close the day with contracts up 1 ¾ to 8 ¾ cents as Nov was narrowing some spreads. CmdtyView’s national front month Cash Bean price was up 9 1/2 cents at $9.30. Soymeal futures were mixed, with front months...
- Corn Comes Back into Thursday’s Close
- Corn futures closed out the Thursday session with contracts puling off the early low and closing steady to 2 cents higher in the nearbys. Other contracts were fractionally to a penny lower. The national average Cash Corn price from cmdtyView was up 2 1/4 cents at $3.75 3/4 per bu....
10/17/24 Commentary:
If China is the 800-pound gorilla in the corn demand room, then Brazil might be the supply side equivalent. Whether trade or market year, the USDA expects Brazil to either ship 3 or 4 million metric tons MORE in 24/25. What keeps getting my attention is tracking Brazil’s exports from July through September (safrinha influence) with a projection for October, YTD exports are already DOWN 8 MMT/295 million bu. which, seems like a pretty deep hole to crawl out of. Back-end loaded export program? & More acres?
CORN:
- Ethanol grind at 10:00 am CDT. Grind last week was 1,038,000 barrels/day vs. 1,035,000 on this date last year. Ethanol stocks last week were 22.154 mil. and last year for this week were 21.112 mil.
- U.S. corn harvested on average increases ~13% from Oct. 13-20. USDA estimated harvest at 47% on Oct. 13, while the 5-year average on Oct. 20 is ~52%
- Consultant: Argentina 2024/25 corn production estimate is unchanged this week at 48.0 MMT; neutral bias going forward
- corn is 18.5% planted as of late last week, which represented an advance of 4.8% for the week
- The Funds bought 3 K, encouraged by sizable flash sales of 2.0 million metric tons
SOYBEANS:
- U.S. soybeans harvested on average increase ~16% from Oct. 13-20. USDA estimated harvest at 67% on Oct. 13, while the five-year average on Oct. 20 is 67%. This underscores the rapid pace of the 2024 harvest
- Consultant: Argentina 2024/25 soybean production estimate is unchanged this week at 57.0 MMT; neutral bias going forward
- nationwide planting is still probably less than 1.0%
- although dryness remains fairly widespread across the country, showers this week should favor most areas except for eastern Buenos Aires. Should next week should ease dryness in that area
- Funds: sold 5 K SB, 5 BO, bot 1 SM. Dec crush: $1.69, +$.07
FINANCIALS:
Some solid earnings boosting futures ahead of today’s opening.
WALL STREET FUTURES - Firmer:
Dow, +16; S&P, +23; NAS, +148
Asia - Weaker:
Nikkei, -0.69%; Shanghai, +1.05%;
Hang Seng, -1.02%
EUROPE - Firmer:
DAX, +0.64%; FTSE, +0.39%; CAC +1.03%
December Gold: +$11.3 @2,703
November CRUDE: +$0.17 @$70.56
Dec U.S. Dollar Index: -0.060 @103.400
