Operations Updates (9/15)

The offices and shop at DFE are one again closed until further notice.  We had relaxed this policy for the last couple of months, but see that it is necessary once again to be sure that we're able to serve your harvest needs and receive grain to the best of our abilities as always expected.  

Our number one priority has been and will always be the needs of our patrons.  Thank you for your cooperation and understanding in these unprecedented times.  DFE is working to do everything possible so as not to disrupt normal business activities.

If you have a need to deliver grain to the elevator, please call the office ahead of time so that we can plan accordingly.  We ask that anyone delivering grain remain in the cab of his/her delivery vehicle.  Please direct grain communication of all kind to Joe Daniels at:  (309) 963-4305; (309) 310-3319 (cell - call or text); joe@dfegrain.com.

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 retrieved on September 25, 2020, 06:34:07 PM CDT
All grain prices are subject to change at any time.
Cash bids are based on 10-minute delayed futures prices, unless otherwise noted.
Sep Crop Production WASDE Report

Outside Markets
Quotes retrieved on September 25, 2020, 06:34:07 PM CDT
Wednesday Morning Comments

7:50 AM Market Direction:  Corn down 3, Beans down 5.  

Grains and oilseeds are mostly weaker to start Wednesday though modestly. Volume has been relatively light.  Keep an eye on the markets..if corn and beans close lower, it will be the third day in a row and the first occurence of three consecutive down market days simultaneous for corn and beans in nearly 3 months.  

SE Asia was active again in overnight tenders. MFG bought 69 kmt corn, Taiwan Flour Mills bought 91kmt wheat from the U.S. Pakistan received offers for their 300 kmt wheat tender with no results yet. Jordan postponed its tender for 120 kmt milling wheat. The SoKor corn business is expected to be SA origin again, like Monday’s tenders.

China’s August pork imports were 2x year ago levels. 

Perhaps not a big deal in the greater scheme of things but Export Sales/AMS shipment data shows the early pace of corn exports to Mexico at 15 mbu, down 9 mbu/38% vs LY and 23 mbu/60% below the 2018 pace. However, it Is early.  This could be attributed to additional SA origin purchases and/ or sticker shock due to high rail cars and a potentially back end loaded program.

The U.S. Midwest will remain mostly dry for much the week, which will continue to benefit corn and soybean harvest, as well as winter wheat planting. A system will move across the eastern half of the country over the weekend and may bring in some tropical moisture from Tropical Depression Beta. This would produce moderate to heavy rainfall east of the Mississippi River. Temperatures are forecast to above normal in most areas through Sunday.

Barge freight keeps jumping as well with low water levels an increasing concern. Barge freight increases are friendly PNW DVE.

Corn funds were sellers of an estimated 2 K yesterday. In soy, funds sold 3 K SB; 7 K BO; bot 4 SBM. Board crush: $0.93 (V/X), +5; LY, $0.77.

Look for another choppy day as the market hungers for new yield reports and Chinese updates.

Wednesday begins as third straight red day - sign?

Weekend weather above normal temps through Sunday.

Central IL harvest reports emerging.

 

2020 Crop Insurance Prices

Corn - $3.88 Spring    

Beans - $9.17 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 retrieved on September 25, 2020, 06:34:07 PM CDT
Information gathered for this website is thought to be from reliable sources, but cannot be guaranteed as to its accuracy or completeness by DFE.


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