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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Danvers location only Cash Bids
| Delivery Start | Delivery End | Cash Price | Basis | Futures Price | Futures Change |
|---|---|---|---|---|---|
| Corn | |||||
| Soybeans |
Quotes are delayed, as of October 15, 2024, 05:33:44 PM 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
- Soybeans Extend Losses into Tuesday, as Jan Fights to Hold $10
- Soybeans closed out the Tuesday session with contracts down 5 to 9 cents across most months. CmdtyView’s national front month Cash Bean price was down 4 1/4 cents at $9.30 1/2. Soymeal futures were down $3.20 to $4/ton on the day. Soy Oil contracts were steady to 55 points higher...
- Corn Weakness Continues on Tuesday
- Corn futures ended the Tuesday trading session with contracts down 6 to 7 ¼ cents across most months. The national average Cash Corn price from cmdtyView was down 6 3/4 cents at $3.69 3/4 per bu. The average close for December corn futures, which indicates the fall crop insurance price,...
- Wheat Slide Continues into Tuesday
- The wheat complex posted another round of losses across the three exchanges on Tuesday. Chicago SRW futures were down 5 to 7 cents on the day. KC HRW contracts were 7 to 8 cents lower. MPLS spring wheat fell another 9 to 11 cents. A private export sale of 120,000...
- Cattle Trade Posts Tuesday Losses
- Live cattle futures ended the Tuesday session with contracts down $1.30 to $1.55. There were another 10 deliveries to the West Point, NE location on Tuesday, to take the total for the month to 20. Cash sales were reported in the north at $187-188 last week, even to $1 higher...
- Hogs Weaker on Tuesday
- Lean hog futures closed the Tuesday session with contracts down 40 to 60 cents in the front months. The national average base hog price was reported a $76.80 on Tuesday afternoon, up $2.33 from the day prior. The CME Lean Hog Index was reported at $84.16 on October 11, down...
- Cotton Posts Weaker Action on Tuesday
- Cotton futures closed Tuesday with losses of 40 to 44 points. The outside markets were mixed with the crude oil a pressure factor, down $2.92/barrel and the US dollar index 40 points lower. This afternoon’s Crop Progress report from NASS indicated a total of 88% of the US cotton crop...
Local Weather
Daily Market news
10/15/24 Commentary:
- Grain markets are weaker overnight, but wheat and corn are off the lows.
- Mexican rail consortium Ferromex and U.S. railroad company Union Pacific Corp said they have stopped issuing permits for some grain rail shipments moving through Eagle Pass, Texas, after a recent train derailment in Mexico closed the track. The halt is a temporary measure until rail traffic gets cleared after the track reopened, Ferromex told Reuters in a statement Monday, adding that total volume of grain movement between Union Pacific and Ferromex will not be affected.
- Brazil exported 2.5 million metric tons of corn the 2nd week of October which was 30%/1.1 million metric tons below last October’s total. Implied exports for the month are on track to come in at 5.9 million metric tons, 2.5 million below last year. July-Sep shipments are already down 6.2 million tonnes and this would put the estimated July-Oct total 9.7 million metric tons behind. SB shipments were 600 K below LY this week; the implied July-Oct total is estimated to be off 7.6 million metric tons/26% year to year.
CORN:
- Crop Progress report preview
- corn mature on avg. increases ~8% from Oct. 6-Oct. 13. USDA est. mature at 87% on Oct. 6, while five-year avg. on Oct. 13 is ~95%.
- U.S. corn harvested on average increases ~12% from Oct. 6-Oct. 13. The USDA pegged nationwide harvest a t 30% on Oct. 6 this year, while the five-year average on Oct. 13 is ~39%.
- CONAB: crop report at 7:00 am CST; first estimates for 24/25. Preliminary estimates for corn production & exports were at 119.78 million metric tons & 34 million metric tons,.
- Export inspections at 10 am CST. Corn—44.4 needed; 36.7 last week. Milo—2.1 needed; 0.11 last week
- Fund selling Monday estimated at 17,500 on good weekend progress
SOYBEANS:
- USDA Crop Progress report review
- soybeans dropping leaves on avg. increase ~7% from Oct. 6-Oct.13. Progress was 90% on Oct. 6, & the 5-year avg. on Oct. 13 is ~92%
- soybeans harvested on average increased ~17% from Oct. 6-Oct. 13. The USDA pegged nationwide harvest at 47% on Oct. 3 this year, while the five-year average on Oct. 13 is ~51%
- CONAB: 1st crop report for 24/25 at 7:00 am CST. Preliminary estimates from Sep. 17 for soybean production and exports were at 166.3 million metric tons & 104.8
- Export inspections at 10 am CST. Beans—36.0 needed; 52.6 last week.
- Funds: sold 8.5 K SB, 6.5 BO and bot 4 SM. Dec crush: $1.60, -$.04
FINANCIALS:
The major equity indices are slightly weaker-Mideast tensions.
WALL STREET FUTURES - Weaker:
Dow, -22; S&P, -3.5; NAS, -27
Asia - Weaker:
Nikkei, -0.8%; Shanghai, +2.53%;
Hang Seng, -2.52%
EUROPE - Mixed:
DAX, +0.25%; FTSE, -0.43%; CAC +0.8%
December Gold: +$6.5 @2,672
November CRUDE: $-3.69 @$70.14
Dec U.S. Dollar Index: -0.212 @103.082
