News & Announcements

 

  All DFE offices will be closed on Thursday, June 19th.  The CME Group and Banks are closed in observance of the Federal Holiday.

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 19, 2025, 10:53:42 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.

Ag Commentary
Soybeans Soften Late to Close with Fractional Gains
Soybeans closed the Wednesday session with contracts fractionally higher. The cmdtyView Cash Bean price is up 1/2 cents to $10.26 1/2. Soymeal futures were down 10 to 30 cents/ton. Soy Oil was down 2 to 11 points higher on Wednesday. The next week showed forecast precipitation from NE, through IA,...
Cattle Rebounds, But Cash Pulls Back
Live cattle futures posted 67 cent to $1.05 gains on Wednesday. The Wednesday morning Fed Cattle Exchange online auction from Central Stockyards saw no trade with bids down at $223-225. Outside of that, trade was reported at $236 in the north, down $4-6. Feeder cattle futures posted slight Wednesday strength,...
Wheat Rallies Double Digits, as Shorts Cover
The wheat market was rallying across the three markets on Wednesday, as shorts were busy their large position. Chicago SRW futures were 25 to 26 cents higher in the front months. Kansas City HRW contracts posted 23 to 24 cent gains. Minneapolis spring wheat futures were 15 to 18 cents...
Cotton Falls Lower on Wednesday
Cotton futures were down 21 to 88 points across most contracts on Wednesday. Crude oil was up 25 cents to $75.09/barrel, as price action was a little quieter. The US dollar index was back down $0.061 to $98.455. The markets will be closed on Thursday in observance of Juneteenth, with...
Corn Pushes Higher ahead of the Holiday on Spillover Support
Corn futures posted gains across most contracts on Wednesday with contracts 2 to 6 cents higher, as nearby July was up 2 cents. The front month CmdtyView national average Cash Corn price was up 1/4 cents at $4.08. The weekly EIA report showed ethanol production dropping back by 11,000 barrels...
Hogs Close Mixed on Wednesday, as Cash Strength Continues
Lean hog futures were mixed on Wednesday, with contracts up 52 cents to slightly lower. USDA’s daily direct hog report showed the negotiated hog price at $114.07 on Wednesday afternoon, up $4.83 from the day prior. The CME Lean Hog Index was up $1.25 on June 16, at $104.95 The...

Local Weather
Forecast

AG - News, Notes & Nugs

5/29/2025

Grains and oilseeds lower on good weather forecasts in the US.

 

  • Dry and cold weather conditions expected in the coming days will help dry out Argentina's agricultural fields, allowing producers to intensify their delayed soybean harvest following repeated rains, the Buenos Aires and Rosario stock exchanges said on Wednesday.  Argentina is the world's largest exporter of soybean oil and meal, but heavy rainfall in key farming regions has stalled the oilseed harvest, raising concerns about potential yield losses.  The government estimates the 2024/25 soybean crop at 49 million metric tons.  The Buenos Aires Grain Exchange (BdeC) said there will be an influx of cold air that will lower temperatures, with possible frost in some production areas.  "These are expected cold conditions that could help further dry out the crop and improve conditions for the soybean harvest," Cristian Russo, head of agricultural estimates at the Rosario Stock Exchange (BCR), told Reuters.  "After the rains, they could be a positive factor in recovering those fields and harvesting them," he added.

 

  • India is likely to produce a record 117.5 million metric tons of wheat in the year ending June 2025, the farm ministry said, above its March forecast of 115.4 million tons, as higher prices prompted farmers to expand the area planted with high-yielding seed varieties.  India, the world's biggest wheat producer after China, produced 113.3 million tons of wheat in 2024, the farm ministry said in a statement issued late on Wednesday.  However, a leading industry body said the crop was nearly 6.25% lower than the government's estimate.  The country's rice production in 2025 is also set to climb to a record high, with the ministry estimating it at 149 million metric tons, up from last year's 137.8 million tons.

 

  • Egypt, a top wheat importer, bought 3.64 million metric tons of wheat from local farmers so far this season, Ahmad Idam, head of the services sector at the ministry of agriculture, told Reuters on Thursday.  The procurement season officially started in mid-April.

 

  • Malaysian palm oil futures extended gains for a fifth consecutive session on Thursday, as stronger palm olein and robust export demand supported the bullish sentiment in the market.  Crude palm oil futures traded higher on Dalian palm olein's strength and the recent export performance is seen as supporting market sentiment in the near term, said David Ng, a proprietary trader at Kuala Lumpur-based trading firm Iceberg X Sdn Bhd.

 

  • Brazil confirmed its first outbreak of bird flu in a commercial flock on May 16. As of May 28, 41 countries have announced protocols for either a country, state, or region-wide trade ban.  Last week, poultry exports (mostly chicken meat) were down 1.7%, but are expected to be further affected in June, as several countries will likely ban poultry imports from Brazil for 60 days.  Brazil was the third-largest chicken meat producer in the world in 2024, and the largest exporter, with 35% market share, followed by the U.S. (22%).

  

CORN:

  • Ethanol grind at 11:00 am CDT. Grind last week was 1,036,000 barrels/day vs. 1,068,000 on this date last year. Ethanol stocks last week were 24.944 million and last year for this week were 23.207 million
  • Corn planted as of May 25 was 87% & the average increase from May 25- June 1 is ~8%; 5-year average for June 1 is ~93% and 2024 was ~90% 
  • Corn emerged as of May 25 was 67% & the average increase from May 25-June 1 is ~17%; 5-year average for June 1 is ~77% and 2024 was ~72%
  • Temperatures will be much cooler than normal on safrinha corn in south Brazil over the next week, including some frost Fri./Sat. as lows dip into the 30s-40s, but a killing event with temps of 28°F / -2°C or colder is not expected
  • The Funds sold 8 K: Good weather forecast in the U.S.

SOYBEANS:

  • July futures closed at $10.484 on Wed., lowest settlement since May 8
  • Beans planted as of May 25 were 76% & the average increase from May 25- June 1 is ~12%; 5-year average for June 1 is ~80% and 2024 was ~77%
  • Beans emerged as of May 25 were 50% & the average increase from May 25- June 1 is ~17%; 5-year average for June 1 is ~57% and 2024 was ~53%
  • The new crop corn/soybean price ratio (SX25/CZ25) closed at 2.34 on Wednesday; last year, the SX4/CZ4 ratio traded at 2.50
  • Dry weather is expected over the next one to two weeks for remaining soybean harvesting in Argentina
  • Funds sold 6 K SB; 3 K SM; 6 K BO. July Crush, +$1.2 @ $1.359

MACRO:

  • Court blocks Trump tariffs; Nvidia reported better than expected earnings.
  • Wall Street Futures - Firmer:  Dow, +233; S&P, +47.25; NAS, +217
  • Asia - Firmer:  Nikkei, +1.88%; Shanghai, +0.7%; Hang Seng, +1.35%
  • EUROPE - Mixed:  DAX, +0.33%; FTSE, -0.07%; CAC +0.66%
  • June Gold: +$0.4 @$3,295     June Crude Oil: +$0.56 @$62.40     June U.S. Dollar Index: +0.050 @99.785

April 10 WASDE


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