DFE IS GROWING!

The Board of Directors of Danvers Farmers Elevator Company is excited to announce our expansion through an agreement in principle to purchase the assets of Bell Enterprises, Inc. and its affiliate companies effective October 1, 2021.  Please read through the attached announcement for additional information.  The announcement and some Fall information has been sent to all patrons via USPS this past weekend.

The concrete work at DFE has been completed and we are available to recieve grain on an as-needed basis.  Please call ahead to confirm your delivery intentions.  We're looking forward to a safe and plentiful harvest.

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 September 24, 2021, 10:34:25 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.
Aug 12 WASDE Report

Outside Markets
Quotes are delayed, as of September 24, 2021, 10:34:25 PM CDT or prior.
Monday Morning Commentary

7:30 Market Direction:  Corn down 8, Beans down 6.

Grains and oilseed start the week lower again on very light volume.

Weather for the most part is conducive for harvest to increase pace.  Isolated showers and above normal temperatures are forecast through Tuesday in the western U.S. Midwest.  Isolated showers are forecast in northern areas of the eastern Midwest on Monday, followed by scattered rain on Tuesday. Temperatures are projected to be near to above normal through Tuesday.  Isolated showers are forecast in northern areas of the Central and Southern Plains through Tuesday.  Temperatures are projected to be above normal through Tuesday.

Saudi’s state agency (SAGO) is thought to have bought ~375 kmt wheat. Japan and Algeria both bought feed barley last week.

In cash markets, last week saw Decatur IL lose any remaining cash inverse while upper Midwest processors (CR in particular) still show strong inverses.

The Commitment of Traders report on Friday showed a further reduction in managed longs though the position is still large.  In corn, funds sold 4 K in a somewhat volatile reaction to the September WASDE.  Soy funds: bought 6 SB; 1 SBO,5 SBM.  Board crush: $0.97, -6 (U/U); LY, $0.74. Wheat funds bought 4 K after only minor changes to the USDA S&D Friday.

Look for the trade to focus on harvest progress and reports this week as well as potential export flashes.

Low volume as market waits for harvest activity for direction.

Weather is conducive to increase harvest pace.

Decatur and Peoria, IL removed cash inverse for quick shipment.

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 September 24, 2021, 10:34:25 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