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OFFICE HOURS
The offices and shop at DFE are staffed M-F 7 AM - 4PM, but remain closed to the public. Please text or call as needed. Our number one priority has been and will always be the needs of our patrons. Thank you for your cooperation and understanding in these unprecedented times. DFE is working to do everything possible so as not to disrupt normal business activities. If you have a need to deliver grain to the elevator, please call the office ahead of time so that we can plan accordingly. We ask that anyone delivering grain remain in the cab of his/her delivery vehicle. Please direct grain communication of all kind to Joe Daniels at: (309) 963-4305; (309) 310-3319 (cell - call or text); joe@dfegrain.com. 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 February 24, 2021, 11:01:57 PM CST 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. Jan 12 USDA WASDE Report
Outside Markets
Quotes are delayed, as of February 24, 2021, 11:01:57 PM CST or prior.
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Wednesday Morning Comments
10:15 AM Market Direction: Corn up 5; Beans up 10. Grains and oilseeds start Wednesday firmer across the board with soybeans again the leader. Volume was average for mid-week. Some fears of SA yield and quality loss are driving the soybean side. China has not yet shown up as a purchaser of U.S. products this week. There has been rumor of additional corn flashes, counter to last week’s rumors of China rolling forward some old crop purchases. SoKor’s KOCOPIA bought 60 kmt corn, likely U.S. origin. Other overnight tender activity was limited. Warming domestic weather has the market looking ahead to planting season and whether the U.S. producer can indeed seed 92M corn acres and 90M soy. In this business we tend to believe economics work. If weather conditions allow, the producer is likely to meet or even exceed those levels. Brazil’s soybean export pace is finally beginning to pick up with month-to-date exports up 700+ K MT last week to 1.25 million. And while there is nearly 4.6 MMT still scheduled for Feb loading, a good part will be pushed into March. T-storm Weather®: Scattered thunderstorms continue for at least another week in central & north Brazil, then become less frequent. South-ern areas receive some rain, but unlikely heavy totals; driest in Rio Grande do Sul where soybeans would probably benefit from more rain. Some thunderstorms form next week & beyond in Argentina, but low humidity measures likely keep a wide area drier than normal; best totals 10-14 days out as most rain stays in high-elevation areas vineyards to the west (& possibly Córdoba). Today EIA data reflects a run-rate level that decreased 27% likely due to containing the coldest week of the year and temporary slowdowns due to NG prices, but which potentially gains back next week. Looking to see if early firmness can be sustained, as nearby beans are nearly a dime off of earlier highs. Ags higher across the board, but lower than earlier highs. Weather is back to normal for late February. Covid-19 vaccine availability, stimulus still talks of the US.
2020 Crop Insurance Prices
Corn - $3.88 Spring Beans - $9.17 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 February 24, 2021, 11:01:57 PM CST 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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