If you are interested in running for the board of directors, a letter of intent is due before the end of day on 11/18/24.
To be eligible to run, 10 shares of stock is a prerequisite and involvement in production agriculture. Please contact the elevator at 309-963-4305 to obtain a letter of intent.
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
All grain prices are subject to change at any time.
Cash bids are based on 10-minute delayed futures prices, unless otherwise noted.
- Hogs Continue Weaker Trade on Friday
- Lean Hog are pulling back into the weekend, with contracts down 45 cents to $1.10 at midday. The national average base hog negotiated price was reported at $82.87 on Friday morning, down $4.31 from the day prior. The CME Lean Hog Index was reported at $89.78 on November 13, back...
- Feeder Are the Upside Leaders on Friday, as Fats are Mixed
- Live cattle futures are trading with December down a tick on Friday and other contracts up 20 to 60 cents so far. Cash trade got kicked off on Thursday, with trade at $185 across the country, down $1 to $3 from last week. Feeders are the leaders on Friday, with...
- Soybeans Rebounding on Friday, with Record Crush Data
- Soybean bulls are fighting back on Friday, as contracts are up 12 to 15 cents across the front months at midday. CmdtyView’s national front month Cash Bean price is up 15 cents at $9.50 ½. The products are playing a supportive role today, with Soymeal futures up $1.80/ton and Soy...
- Wheat Getting a Week-End Bounce
- The wheat complex is getting a Friday bounce following a week of losses. Chicago SRW futures are up 9 to 10 cents across the nearbys so far on the day. KC HRW contracts are posting gains of 7 to 9 cents at midday. MPLS spring wheat is up 8 to...
- Cotton Falling on Friday
- Cotton futures are posting Friday losses of 160 to 168 points so far on the session. The outside markets continue to add more pressure, as the US dollar index is steady at midday, with crude oil futures the issue this time, down $17.0/barrel. Export Sales data from FAS showed 153,316...
- Corn Bouncing on Friday, Despite Sales on Low Side of Estimates
- The corn market is getting a pre-weekend bounce on Friday, as contracts are up 4 to 5 cents across the neatbys. The national average Cash Corn price from cmdtyView is up 5 cents at $4.00 ½ per bu. Export Sales data from this morning indicated corn sales totaling 1.315 MMT,...
11/15/24 Commentary:
- Soybeans spreads are firming as flat price bounces back.
- Corn grind for ethanol production is running well ahead of the 23-24 pace. The 10-week total of approximately 1.075 billion Bu. is about 35 million ahead and comparing Jan-Sep exports of 2024 and 2023 finds the former up 30+%. The strong performance of the industry to-date, in part the result of impressive exports, has some suggesting annual corn grind, at least at this point, is on pace to come in 125-150 million bu. MORE than the USDA’s November 5.450 billion Bu. forecast.
- The U.S. soybean crush likely surged to an all-time record in October, while soyoil stocks were forecast to have increased after hitting a near-decade low a month earlier, analysts said ahead of a National Oilseed Processors Association (NOPA) report due on Friday. NOPA members, who handle about 95% of all U.S. processed soybeans, were estimated to have crushed 196.843 million bushels last month, according to the average of estimates from 10 analysts surveyed by Reuters. If realized, it would be up 11.0% from the September crush of 177.320 million bushels and up 3.7% from October 2023 when processors crushed 189.774 million bushels. It would also eclipse the previous monthly crush record of 196.406 million bushels set in March 2024.
- Argentina's Buenos Aires grains exchange said on Thursday that soybean planting had progressed very smoothly over the past week, following abundant rainfall across key parts of the major grains supplier's agricultural heartlands. Argentina is the world's top exporter of soybean oil and meal, and its farmers have already planted some 20.1% of an expected 18.6 million hectares this season, the exchange said, marking a rapid 12.2 percentage point increase over the last week. "Optimal surface moisture has allowed early soybean planting to progress smoothly over both key agricultural hubs," the exchange said in a weekly report.
CORN:
- December 2024 corn futures closed $0.075 lower on Thu. at $4.19; this is the lowest settlement price for the contract since Nov. 5
- Export Sales est.; corn, 49-102 million bu. for 24/25 and 0-4 for 25/26
- Ethanol grind: record 1,113,000 bpd for week ending Nov. 8, up 0.7% vs. last week and 6.3% vs. last year. Stocks were 22.039 mb, up 0.019 mb from the prior week and well above the average trade estimate of a 0.361 decrease
- Conab (Brazil) crop report results for 24/25
- corn production: 119.81 million metric tons compared to avg. trade est. of 123.54 million metric tons and prior est. of 119.74
- corn yield: 5.702 k Kg/Ha vs. 5.854 avg. trade est. & prior est. of 5.701
- The Funds sold 15 K, which seem mostly in fear of Trump 2.0 tariffs
SOYBEANS:
- Trade estimates for USDA Export Sales report (week ending Nov. 7)
- Beans: 37-81 for 24/25 and 0-4 for 25/26
- Meal: 175-500 for 24/25 and 0-40 for 25/26
- Oil: 5-50 for 24/25 and 0-10 for 25/26
- NOPA Oct. Crush report at 11:00 am CST; crush avg. trade est. is 196.8 million bu. (189.8 last yr), range: 189.5-205.2; oil stocks: 1.090 billion lbs. v. 999-1.226 range
- Conab (Brazil) crop report pegs soybean production at 166.14 compared to the avg. trade est. of 168.35 MMT and the prior est. of 166.05
- bean yield: 3.508 k Kg/Ha v. 3.560 avg. trade est. & prior est. of 3.508
- Funds sold 9K SB, 6 BO & 6 SM. Dec crush: -$.01 @ $1.33
FINANCIALS:
Stock futures indicate a lower start to end the trading week.
WALL STREET FUTURES - Weaker:
Dow, -183; S&P, -34; NAS, -159
Asia - Mostly weaker:
Nikkei, +0.28%; Shanghai, +1.45%;
Hang Seng, -0.05%
EUROPE - Firmer:
DAX, +0.02%; FTSE, +0.06%; CAC +0.03%
December Gold: +$1.1 @2,574
December CRUDE: $-0.68 @$68.02
Dec U.S. Dollar Index: -0.228 @106.598