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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Danvers location only Cash Bids
Delivery Start Delivery End Cash Price Basis Futures Price Futures Change
Corn          
Soybeans          
Quotes are delayed, as of June 25, 2024, 12:50:44 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.

Local Weather
Forecast



Ag Commentary
Cattle Ignore Bearish CoF Data, Close Mixed
Live cattle futures posted mixed action on Monday, with front months held up by the cast market and closing 17 cents to $1.67 higher. Other contracts were anywhere from 27 cents lower to a dime higher. Cash trade was slow to develop last week, as late sales rolled in a...
Soybeans Rally to Start the Week, USDA Confirms Drop in Conditions
Soybean saw some bull spreading on Monday, as front months were up 10 to 14 ¾ cents, as 2025 contracts and beyond were 7 ½ to 9 ½ cents higher. Soymeal futures rallied on Monday with an export sale announcement, with contracts up $3.60 to $11/ton. Soy Oil futures were...
Wheat Extends Slide on Monday, KC Pares Back Losses
The wheat complex pulled off the lows into the Monday close, led by the HRW contracts. Kansas City futures closed with the front months fractionally higher and other contracts down 1 to 2 ¾ cents. Chicago contracts were 2 ½ to 9 cents lower, led by July. MPLS spring wheat...
Hogs Collapse to Start the Week
Lean hog futures posted losses of 77 cents to $2.60 on Monday. The USDA National Base Hog price reported at $86.64 on Monday afternoon, up 60 cents from the previous day. The CME Lean Hog Index was down another 23 cents at $90.32 on June 20. Typical seasonal strength has...
Corn Pulls Off Lows, Crop Ratings Drop
Corn futures rounded out the Monday session with contracts seeing some bidders into the close, though the nearbys were still fractionally to 1 ½ cents lower. Deferreds starting with September ’25 were up 1 to 5 cent on the day. The market was for the most part ignoring flooding in...
Cotton Sparks Rally to Begin Week
Cotton prices were up triple digits on Monday, with contracts up 104 to 123 points in the front months. Today is First Notice Day (FND) for deliveries against July contract futures, which means no limits, as the contract was up 310 points. Outside factors are supportive today, with crude oil...

Daily Market news

6-24-24 morning commentary


Soybeans are trying to stabilize, but corn and wheat are showing no signs of stabilization yet.


OVERNIGHT NEWS STORIES:


• Forecast dryness in the Black Sea region's breadbasket is likely to stunt sunflower and corn yields, while heavy rain in the United States after near-record temperatures threaten to take a toll on crops, hitting world supplies and pushing prices higher. "The weather forecast for the Black Sea region is a big red flag," said Chris Hyde, a meteorologist at U.S.- based Maxar, with dryness and below-normal rains expected for July and August likely to crimp the region's key corn and sunflower crops. Record temperatures in major global growing regions have delayed planting and hurt developing crops as the impact of climate change intensifies, with vast swathes of farmland in Russia, China, India and the United States experiencing extremely hot conditions and below-normal rainfall.


• After weeks of scorching heat and little rain, farmer Zhang Yunjing had no choice but to collect water from a wastewater pipe to irrigate her parched corn field in China's eastern Shandong province. Zhang would normally use water from a nearby river for the half hectare (1.24 acre) field, but it dried up a month ago. Record high temperatures have swept across northwest and east China, a key grain producing region, during the crucial corn sowing season, threatening to curb production in the world's second-largest producer and consumer of the grain. "There is no water," Zhang said. "Look, people are going to other villages to collect water. Seeds are not sprouting without water." China, also the world's No. 1 corn importer, produced a record 288.8 million m Sizable week-to-week increase in Brazil’s corn export line-up as it rose over 50% to 1.6 million metric tonnes. And, suggesting the export program there is on the verge of ramping up as the safrinha harvest is running well ahead of normal. July corn exports the past 5 years have ranged from a low of only 92 K with 21’s drought-reduced 87 million metric tonnes crop to a high of 1.0 last year (139 million crop). It would seem a million tonne July program is do-able again this summer even with a somewhat smaller crop.


Corn:


• July corn futures closed at $4.35 on Fri., lowest price since Feb. 26
• USDA Crop Progress report preview
• U.S. corn rated Good/Excellent may decline 2-3 points compared to last week’s 72%. Last year’s G/E for this week was 50%
• Export Inspections to be released at 10 am CDT. Corn—37.4 needed; 50.7 last week. Milo—3.9 needed; 0.05 last week
• USDA Acreage and Grain Stocks reports to be released on Fri., June 28
• average trade est. for corn is 90.353 million acres (range: 89.000-91.300) compared to March 31 est. of 90.036 million
• avg. trade est. for June 1 corn stocks is 4.873 bbu (4.675-5.013)
• The Funds sold 9 K, weather outlook respectable and export sales low


Soy:


• Nov. futures closed at $11.20 Fri.—lowest weekly settlement since 8/20/21
• USDA Crop Progress report preview
• U.S. beans rated Good/Excellent may decline 2-3 points compared to last week’s 70%. Last year’s G/E for this week was 51%
• Export Inspections released at 10 am CDT: 13.9 needed; 12.3 last week
• USDA Acreage and Grain Stocks reports to be released on Fri., June 28
• average trade est. for beans is 86.753 million acres (range: 85.500-87.500) compared to March 31 est. of 86.510 million
• avg. trade est. for June 1 bean stocks is 0.962 bbu (0.861-1.015)
• Funds: bot 4 K SB, 4 SBM & sold 2 SBO. July Crush, +$.04 @ $1.19


Financials:


A mixed start looks likely this morning.
WALL STREET FUTURES - Mixed:
Dow, +102; S&P, +2; NAS, -31
Asia - Mixed:
Nikkei, +0.54%; Shanghai, -1.17%;
Hang Seng, +0%
EUROPE - Firmer:
DAX, +0.6%; FTSE, +0.56%; CAC +0.71%
August Gold: +$6.7 @2,338
August CRUDE: +$0.33 @$81.06
Sep U.S. Dollar Index: -0.208 @105.443


The CME Group Intercontinental Exchange