HARVEST UPDATES

Harvest hours have been paused after yesterday's rain.  Stay tuned for updates.  We will resume the late hours when we've had some sunshine and wind to counteract those storms that passed through this week.  Please contact your office for special circumstances or needs.

The offices of DFE and United Prairie remain open to the public.  For full disclosure, employees in the office and in the field are not wearing masks, whether fully vaccinated or not.  Please use your own judgment in wearing one as you visit the office.  If you have been exposed to persons who are Covid positive, please remain quarantined per current CDC guidelines.  Be well.  

 

Been Thinking...

"Agriculture is our wisest pursuit, because it will in the end contribute most to real wealth, good morals, and happiness."

Thomas Jefferson

DFE Cash Bids
Notes Delivery Start Delivery End Cash Price Price Change Basis
Corn
Soybeans

Quotes are delayed, as of October 21, 2021, 12:33:23 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.
Oct 12 WASDE Report

Outside Markets
Quotes are delayed, as of October 21, 2021, 12:33:23 AM CDT or prior.
Wednesday Morning Commentary

9:45 Market Direction:  Corn up 2-3, Beans up 18.

Grains and oilseeds start Wednesday mostly firmer again. Volume picked up a bit on corn but was still below the soybean level.

Overnight tender news was once again quiet. China approved beef imports from Russia.

The oil driver behind soybean prices and grain prices continues. Euro Rapeseed Nov is nearing the all-time high set earlier this year by the May contract.

Harvest continues aggressively domestically this week though processors of corn and soy indicate lack of adequate movement.

Weather: Scattered showers are forecast on Wednesday in the western U.S. Midwest, followed by mostly dry conditions on Thursday.  Temps are projected to be above normal on Wednesday, then near normal on Thursday.  Scattered showers and above normal temps are forecast through Thursday in the eastern U.S. Midwest.  Scattered showers are forecast on Wednesday for southern areas of the Northern Plains, then mostly dry conditions for the entire region on Thursday.  Temps projected to be near to below normal through Thursday.

Corn remains above DVE for key time slots, but not by much while soybeans are generally below.

Look for a choppy day.

Harvest pressure keeping markets on their toes.

Soybean harvest fully underway in McLean County.

Markets on the mend after some losses of late.

2021 Crop Insurance Prices

Corn - $4.58 Spring    

Beans - $11.87 Spring    

 

Managed Money Activity

Grain Acceptance Policy

Danvers Farmers Elevator will not accept grain containing transgenic events that are not approved for U.S. Export Markets including, but not limited to, Canada, China, South Korea, The European Union, Japan and Mexico.

 

CME Futures Markets
Quotes are delayed, as of October 21, 2021, 12:33:23 AM CDT or prior.
Information gathered for this website is thought to be from reliable sources, but cannot be guaranteed as to its accuracy or completeness by DFE.


The CME Group Intercontinental Exchange