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
Danvers location only Cash Bids
| Delivery Start | Delivery End | Cash Price | Basis | Futures Price | Futures Change |
|---|---|---|---|---|---|
| Corn | |||||
| Soybeans |
Quotes are delayed, as of October 29, 2024, 05:21:52 AM CDT or prior.
All grain prices are subject to change at any time.
Cash bids are based on 10-minute delayed futures prices, unless otherwise noted.
All grain prices are subject to change at any time.
Cash bids are based on 10-minute delayed futures prices, unless otherwise noted.
Ag Commentary
- Cattle Close with Gains on Monday
- Live cattle futures closed out Monday with contracts 12 to 47 cents in the green. Cash trade last week improved ~$2 from the previous week, with Southern sales tallied at $190-191 and the Northern trade coming in at $190-192. Feeder cattle futures settled the Monday session with contracts up 15...
- Wheat Posts Monday Losses
- The wheat complex was lower across all three exchanges at the Monday close. Chicago SRW futures were down 4 ½ to 10 ¼ cents on the day. KC HRW contracts closed the session with losses of 8 ¼ to 10 ¾ cents. MPLS spring wheat posted losses of 6 to...
- Soybeans Fall on Bean Oil Pressure
- Soybeans fell into the Monday close, as contracts were down 10 ¼ to 13 ¾ cents across the board. CmdtyView’s national front month Cash Bean price was down 13 1/4 cents at $9.19. Soymeal futures were down 90 cents to $1.70/ton on the day. Soy Oil got some pressure from...
- Hogs Push Higher, with Negotiated Cash Strength
- Lean hog futures posted Monday gains of 7 to 95 cents across the board as pork stocks were tallied at a 14-year low for September. The national average base hog price was reported at $80.95 on Monday afternoon, up $5.29 from the previous day. The CME Lean Hog Index was...
- Cotton Pressured Lower on Monday
- Cotton futures closed out the Monday session with contracts 5 to 32 points in the red. The outside markets were a pressure factors, with crude oil falling $3.81/barrel after Israel’s strikes on Iran were limited over the weekend. The US dollar index was 43 points higher. Crop Progress data tallied...
- Corn Pressured Lower on Monday
- Corn futures closed out the Monday session with contracts heading down ½ to 4 ½ cents across the board, led by the nearbys. The market was feeling a risk off mode across the commodities with $3.81/barrel losses in crude oil. The national average Cash Corn price from cmdtyView was down...
Local Weather
Daily Market news
10/28/24 Commentary:
- Very quiet new cycle over night; corn gapped lower but was able to close it by morning.
- Brazil soybean export line-up dropped 250 K MT the past week to 2.64 million and is now 5.3 million metric tons LESS than the corresponding October 2023 total. Corn was 350 lower to 3.72 million metric tons and is 6.6 million BELOW a year ago. October SB exports are expected to be around 1.1 million metric tons less this year with the Nov-Jan total likely to come up more than 5 million metric tons short of 23-24. October corn shipments should be about 2.4 million metric tons less with Nov- Jan 5 million metric tons smaller.
- Oil prices tumbled by more than $4 a barrel on Monday after Israel's retaliatory strike against Iran at the weekend bypassed oil and nuclear facilities and did not disrupt energy supplies. The benchmarks gained 4% last week in volatile trade as markets priced in uncertainty over the looming U.S. election and the extent of Israel's expected response to the Iranian missile attack on Oct. 1. Scores of Israeli jets completed three waves of strikes before dawn on Saturday against missile factories and other sites near Tehran and in western Iran in the latest exchange between the Middle Eastern rivals. The geopolitical risk premium that had built in oil prices in anticipation of Israel's attack came off, analysts said.
CORN:
- Crop Progress report preview
- U.S. corn harvested on average increases ~12% from Oct. 20-27. USDA est. harvest at 65% on Oct. 20, while the 5-year avg. on Oct. 27 is ~64%. This underscores the rapid pace of the 2024 harvest
- Export Inspections at 10 am CDT. Corn—45.6 needed; 39.4 last week. Milo—4.4 needed; 1.87 last week
- The average crop insurance harvest price for CZ4 corn as of Oct. 25 is $4.1705
- The USDA will begin its surveys this week for the release of the next Crop Production report on Nov. 8
- The Funds sold 10 K on Friday, perhaps a short-term correction
SOYBEANS:
- USDA Crop Progress report preview
- U.S. soybeans harvested on average increase ~9% from Oct. 20-27. The USDA est. nationwide harvest at 81% on Oct. 20 this year, while the 5-year avg. on Oct. 27 is 78%. This underscores the rapid pace of the 2024 harvest
- Export Inspections at 10:00 am CDT. Beans—33.9 needed; 89.4 last week
- Avg. crop insurance harvest price for SX4 beans as of Oct. 25 is $10.08830
- The USDA will begin its surveys this week for the release of the next Crop Production report on Nov. 8
- Funds: bot 6 K SB, sold 2 BO, 5 SM. Dec crush: $1.71, -$.05
FINANCIALS:
Earnings from Big Tech out this week—Wall Street looks positive.
WALL STREET FUTURES - Firmer:
Dow, +234; S&P, +39; NAS, +183
Asia - Firmer:
Nikkei, +1.82%; Shanghai, +0.68%;
Hang Seng, +0.04%
EUROPE - Mixed:
DAX, +0.28%; FTSE, -0.08%; CAC +0.54%
December Gold: $-10.6 @2,744
December CRUDE: $-4.48 @$67.30
Dec U.S. Dollar Index: -0.022 @104.132
