News & Announcements

The Board of Danvers Farmers Elevator has approved a concrete project to improve our inbound and outound scale lanes.  As a result, there are a couple of announcements regarding grain handling that will be required to prepare for our fiscal year end on July 31 and in advance of the work in August:

DFE will stop receiving grain on Tuesday, July 27, 2021 at 4:00 PM.

DFE will stop transacting grain business on Friday, July 30, 2021 at 1:30 PM.

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 August 04, 2021, 04:32:25 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.
March 31 USDA Prospective Plantings

Outside Markets
Quotes are delayed, as of August 04, 2021, 04:32:25 AM CDT or prior.
Tuesday Morning Commentary

7:30 Market Direction:  Corn down 6, Beans down 25.

Grains and oilseeds start the day weaker on relatively light volume.

Yesterday’s condition ratings diverged with corn weakening but soybeans showing improvement.

Yesterday’s Egyptian wheat tender resulting in just a single cargo purchased, from Romania. Overnight, Taiwan’s MFGI bought 55 kmt corn, likely South African origin. Ethiopia did not purchase wheat in their latest tender.

We finally saw a very respectable weekly corn inspections figure at 54.5 million and the prior week’s total was revised 5.8 million higher as well. Impact of smaller Brazil safrinha crop finally taking effect?

ATI’s new crop balance sheet tightened 25 mbu on a slight yield reduction. Corn progress is still just ahead of average at 91% silking.

Cash markets showed a few nearby signs of life in corn yesterday as it’s still a long time until new crop.

Mostly dry conditions are forecast through Wednesday in the western U.S. Midwest, followed by isolated showers on Thursday. Temps are projected to be near to below normal Tuesday, then above normal north and below normal south Wednesday-Thursday. Mostly dry conditions are forecast through Wednesday in the eastern Midwest, followed by isolated showers on Thursday.  Below normal temps are projected through Wednesday, then near to above normal on Thursday.

Equity markets await further evidence of a strong earnings season, intermingled with uncertainty over the Delta variety & outlook.

Look for a weaker to mixed day with limited structured news to release. 

Markets continue to trade weather/conditions.

Cash markets seek corn ahead of a distant new crop.

New Delta Variant and breakthrough cases on the rise.

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 August 04, 2021, 04:32:25 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