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News and Updates
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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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
Quotes are delayed, as of July 01, 2022, 12:15:13 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 9 WASDE Report
Outside Markets
Quotes are delayed, as of July 01, 2022, 12:15:13 PM CDT or prior.
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Tuesday 9:15 AM Commentary
Market Direction: Corn down 6 (oc) & 3 (nc); Soy up 16 & 19. USDA pegged corn planting at 86% complete compared to 72% last week, 94% last year and right at the 5-year average of 87%. Beans were said to be 66% complete compared to 50% last week, 83% last year, but again in lockstep with the 5-year average of 67%. The weekly Crop Progress Report confirmed corn planting is still lagging in particularly MN and ND with former 10 points behind average & the latter 7 behind. Back of the napkin math suggests approximately 1.3 million corn acres “might not” get planted with the offset being rapid progress in other states. Scattered showers are forecast through tomorrow in the Eastern Corn Belt, mostly dry weather Friday and Saturday. Temps above to well above normal today, near to below normal for the rest of the week. Financial markets are mixed today, as worries over a possible recession, inflations and rising interest rates continue. Showers moved in to ECB, followed by normal temps. Beans on the turn around after losing nearly 50c yesterday. USDA planting at 86% on corn, 66% on beans. 2022 Crop Insurance Prices
Corn - $5.90 Spring Beans - $14.33 Spring
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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 July 01, 2022, 12:15:13 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.
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