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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! |
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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 June 23, 2021, 10:22:07 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 June 23, 2021, 10:22:07 AM CDT or prior.
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Wednesday Morning Commentary
7:35 AM Market: Old corn & soy up 1; new down 4 Grains and oilseeds are all firmer to start Wednesday after sliding on Tuesday. Volume has been normal. The weather models have increased rain in the SW and still have favorable rains for the Central and Eastern belt. Bloomington is receiving light rain as I type this. Brazil soybean line-up falls 5 to 275 mbu and is now down about 75 mbu/20% year to year AND, Chinese soybean imports this month could again be about 2 MMT below last year. World bean demand ebbing? HRS continues to be the price leader after Monday afternoon’s 10-point condition drop in the good to excellent category. The U/U MGEX premium to HRW is mirrored by the 2016/17 season. Taiwan Flour tendered for 55 kmt U.S. wheat and Ethiopia entered a new 400 kmt wheat tender. BEIJING, June 23 (Reuters) - The pricing department of China's National Development and Reform Commission (NDRC) and the country's market regulator have sent teams to various Chinese provinces and cities to investigate bulk commodity prices and supplies. The NDRC, China's state planner, has been heavily involved in efforts to tame high prices for commodities from coal to copper that have squeezed manufacturers' margins in the world's second-biggest economy. China's factory gate prices in May rose at their fastest annual pace in more than 12 years. "The working groups will learn more about ... bulk commodity spot market transactions and carefully listen to feedback from midstream and downstream companies" on supply levels and price fluctuations, the NDRC said in a statement on Wednesday. They will also listen to suggestions on how to combat speculation - after speculative buying on commodity exchanges partly fueled the price rally - and ensure supply, it added. Today brings the EIA data. Ethanol margins have tightened from their peak 3 weeks ago, but RIN values have improved the last few days and gasoline demand remains strong. Markets doing a sideways dance, small numbers. Widespread rain and temperature relief occuring. Signs continue to show world soybean demand ebbing?
2021 Crop Insurance Prices
Corn - $4.58 Spring Beans - $11.87 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 June 23, 2021, 10:22:07 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.
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