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!
Click Here for Our 2024 Harvest Policies
| Delivery Start | Delivery End | Cash Price | Basis | Futures Price | Futures Change |
|---|---|---|---|---|---|
| Corn | |||||
| Soybeans |
All grain prices are subject to change at any time.
Cash bids are based on 10-minute delayed futures prices, unless otherwise noted.
- Soybeans Slipping on Tuesday Morning
- Soybeans are showing losses of 1 to 2 cents so far on Tuesday. They settled the Monday session with contracts up 2 ½ to 11 cents, led by the nearbys. Preliminary open interest showed net new buying across most contracts, up 13,560 contracts cross all but the November contract, which...
- Wheat Weakness Continues on Tuesday Morning
- Wheat futures are showing 4 to 5 cent losses across the three markets on Tuesday morning. The wheat complex fell back from their intraday highs on Monday to close mixed. Chicago SRW futures were fractionally mixed on the day. KC HRW contracts were fractionally to 1 3/4 cents higher on...
- Cotton Hovering Near Unchanged on Tuesday Morning
- Cotton prices are withing a few points of unchanged on Tuesday AM trade, as contracts are up 3 to down 2 .Futures closed out the Monday session with contracts up 28 to 121 points. The outside markets are mixed, with crude oil back up $1.26/barrel and the US dollar index...
- Cattle Traders Look to Tuesday After Pressure on Monday
- Live cattle futures closed out the day with contracts down 30 to 62 cents across the board. There were no new deliveries on Monday for October cattle. Last week there were Southern cash sales of $188 and Northern sales of $188 live and $296 in the beef. Feeder cattle futures...
- Corn Sticking Close to Unchanged to Start Tuesday Trade
- Corn prices are showing fractionally mixed trade so far on Tuesday AM. Futures closed out the Monday session with fractional to 4 ¾ cent gains following a slew of export sales announcements totaling 498,118 MT to unknown, Mexico, and South Korea. Preliminary open interest showed net new buying, up 20,956...
- Hogs Post Modest Strength on Monday
- Lean hog futures saw modest gains of 15 to 45 cents on Monday. The national average base hog price was reported at $75.22 on Monday afternoon, up $3.17 from the previous day. The CME Lean Hog Index was reported at $83.96 on October 17, up 12 cents from the day...
10/22/24 Commentary:
• Corn bull spreads are firmer again today. Chi wheat trading to its lowest level since mid-Sep.
• 2 rather large weeks of soybean exports with China lifting 107 million bu. of the 160 shipped. China’s 7-week U.S. total of 151 million trails 23-24 by 46 while purchases of 335 are 28 million behind. Interestingly enough, shipments to all destinations of 290 million bu. are just 8 off of last year’s pace thanks to elevated numbers to Europe (48 vs 25 LY); Other Asia (28 vs 12) and Africa (24 vs 4 LY). With expected Sep-Feb S AM shipments likely to be down 300+ million bu. TY, FH U.S. exports may be better than people think.
• S. soybean export premiums are at their highest in 14 months, as grain merchants race to ship out a record-large U.S. harvest ahead of the U.S. presidential election and fears of renewed trade tensions with top importer China, traders and analysts said. Nearly 2.5 million metric tons of U.S. soybeans were inspected for export last week, including almost 1.7 million tons bound for China, the most in a year, according to U.S. Department of Agriculture data released on Monday. But while this export flurry is a bright spot for U.S. farmers coping with low prices and hefty supplies, sellers say such heightened export demand could be short lived - leaving the U.S. with a glut of oilseeds at a time when prices are hovering near four-year lows.
CORN:
- USDA Crop Progress report highlights
- corn mature at 98% vs. 97% last year and the 5-year avg. of 95%
- corn harvested at 65% vs. 55% last year and the 5-year avg. of 52%
- ATI Research: 24/25 U.S. corn ending stocks estimate is unchanged at 1.875 billion Bu. (USDA: 1.999)
- Consultant: Brazil 2024/25 corn production est. is unchanged this week at 125.0 million metric tons; neutral bias going forward
- first crop corn is 48% planted as of late last week compared to 46% last year (AgRural)
- planting is at 90% in the state of Paraná
- The Funds bought 6 K as steady export demand gets some attention
SOYBEANS:
- USDA Crop Progress report highlights
- beans harvested at 81% vs. 72% last year and the 5-year avg. of 67%
- ATI Research: 24/25 U.S. soybean ending stocks estimate is unchanged at 0.585 billion Bu. (USDA: 0.550)
- Consultant: Brazil 2024/25 production estimate is unchanged this week at 165.0 million metric tons; neutral bias going forward
- nationwide planting was estimated at 18% as of late last week compared to 30% last year according to AgRural
- planting is accelerated in southern areas, but lags in central
- Funds: bot 5 K SB, 4 BO, 2 SM. Dec crush: $1.86, +$.01
FINANCIALS:
Despite decent corporate earnings so, not a good start for equities.
WALL STREET FUTURES - Weaker:
Dow, -220; S&P, -34; NAS, -159
Asia - Mixed:
Nikkei, -1.39%; Shanghai, +0.54%;
Hang Seng, +0.1%
EUROPE - Mixed:
DAX, +0.15%; FTSE, -0.79%; CAC +0.73%
December Gold: +$10.7 @2,750
December CRUDE: +$0.67 @$70.71
Dec U.S. Dollar Index: -0.084 @103.834
