OFFICE HOURS & ANNOUNCEMENTS

Effective April 1, 2021, the offices and shop at are once again open to the public.  Please wear a mask to visit if you feel inclined to do so, but we are not wearing them in the office.

Please feel free to visit the office to conduct business or to meet the new staff members on both the United Prairie and DFE operations.

Thank you for  your patience and cooperation while working through an unprecedented set of circumstances during the Covid-19 pandemic.

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 May 11, 2021, 03:01:34 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.
March 31 USDA Prospective Plantings

Outside Markets
Quotes are delayed, as of May 11, 2021, 03:01:34 PM CDT or prior.
Tuesday Morning Comments

9:25 AM Market:  Corn up 7 old/ 2 new;  Beans up 7/1.

Grain and oilseed futures all show a modest recovery from Monday’s sell off. Volume was relatively light.

Planting progress at 67% complete for corn and 42% for soybeans are both well ahead of the 5-year average and decent jumps vs. last week. Winter wheat conditions improved 1 point and spring wheat planting is at 70%, also ahead of the 5-year average.

Soybeans are going into the ground at a record pace. While this week’s 18-point increase trails 00/01’s 26-point gain, the current pace of 42% is one point ahead of 00/01’s prior record high.

SoKor’s KFA passed on a tender for 69 kmt corn. Japan was seeking milling wheat as well with no results known.

SA weather remains a concern. The USDA figure for Brazilian corn production might be the most closely watched dynamic in tomorrow’s WASDE. A Reuters poll shows an average guess of 103 mmt vs. April’s 109, but many private estimates are in the 95 to 100 mmt range.

Mostly dry conditions and below normal temperatures are forecast today through-Thursday across the entire U.S. Midwest crop region. Scattered showers are projected to develop on Friday in western areas, as temperatures moderate to near to below normal. Conditions are forecast to stay dry through Friday in the eastern Mid-west, however, as temperatures remain below normal.

Markets are seeing a large sell-off in tech stocks as U.S. inflation fears mount.  DOW futures, -171; S&P, -30.75; NAS, -168.25.

Look for a potentially mixed day today with position squaring ahead of tomorrow’s WASDE.

Overnight markets stabilized after yesterday's drop.

Soybean planting reported at fastest recorded pace.

USDA May WASDE anticipated Wednesday at 11 AM.

 

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 are delayed, as of May 11, 2021, 03:01:34 PM 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