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 New 2023 Harvest Policies
Danvers location only Cash Bids
| Delivery Start | Delivery End | Cash Price | Basis | Futures Price | Futures Change |
|---|---|---|---|---|---|
| Corn | |||||
| Soybeans |
Quotes are delayed, as of September 27, 2023, 11:41:18 PM 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.
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
Ag Commentary
- Cattle Continued Lower
- Wednesday’s cattle market extended the pullback with another 30 to 90 cent losses. The October contract settled the session 10 cents weaker, for a net $2.17 drop for the week. Dec fats are down by $3.17 for the week. The front month feeder cattle futures market was $1.07 to $2.70...
- Corn Rallies through Midweek Trade
- Corn futures closed the midweek session 3 ½ to 4 ¼ cents in the black. That has the Dec contract 6 cents in the black for the week. EIA reported the average daily ethanol production was 1.009 million barrels during the week that ended 9/22. That was up 29k bpd...
- Wheat Drops on Wednesday
- Front month wheat futures fell on Wednesday. CBT SRW futures ended with 0.8% to 1.6% losses of 5 ¾ to 9 ½ cents. Minneapolis wheat futures closed the day 1.4% to 2% lower on the day, with losses of as much as 15 ¾ cents. The KC wheat futures settled...
- Wednesday Gains for Cotton Futures
- The cotton market was off the highs, but held on for gains on Wednesday. The board was 12 to 24 points higher at the settle. December contracts were up by 127 points at the high of the session. The Cotlook A Index was back up by 195 points to 98.35c...
- Soy Closed Off Highs
- Front month soybean futures ended the midweek session with 6 ¾ to 2 cent gains in the back months and a fractional gain in the November. Nov beans printed a 20c range on the day, but closed 14c off the high. November is at a 7c gain for the week....
- Hogs Firmed Up on Wednesday
- Ahead of the Thursday Hogs and Pigs update, hog futures were 25 to 52 cents in the black. Dec is at a net 60c gain for the week, and October is up 60 cents as well. USDA’s National Average Base Hog price fell 37 cents to $76.62 on Wednesday afternoon....
Daily Market news
9-27-23 Commentary:
- The Gulf bean export pace typically begins to accelerate the next few weeks, reaching 40+/week by mid-October. Usually. Brazil’s Oct bean line-up is “rather” sizable at 6.5 million metric tons, exceeding 2018’s record exports of 5.2 million. As a result, Gulf liftings may struggle to reach 30 million bu./week by the middle of the October this year. Plus, there’s draft concerns as well.
- CZ23 made 2-week highs overnight but was unable to hold or extend. Soybeans continue to build on the reversal from earlier in the week.
CORN:
- Weekly ethanol grind at 9:30 am CDT. Last week grind was 980,000 barrels/day v. 855,000 on this date last year. Ethanol stocks last week were 21.681 mil. and last year for this week were 22.691 mil.
- ATI Research: export model puts near-term U.S. corn shipments in a range of 22-35; bias is 24-30 million bu. per week
- Consultant: planting of the 23/24 Brazil corn crop is at 25% as of late last week compared to 28% last year (AgRural)
- 2022/23 safrinha corn harvest 96% complete in state of Paraná
- Revision to 2022 U.S. corn crop to be included in Friday’s USDA Grain Stocks report. Avg. trade est. is 13.719 billion Bu. vs. latest est. of 13.730
- Pre-report positioning has the Funds buying 2 K
SOYBEANS:
- ATI Research: This week’s model puts near-term U.S. soybean exports in a range from 19-36 million bu. per week; bias is 15 per week near-term before increasing to 30+ by the end of the upcoming 4-week period
- Consultant: Brazil 23/24 soybean planting was pegged at 1.9% as of late last week v. 1.5% last year & 1.7 avg. (AgRural)
- ATI Research: U.S. soybeans dropping leaves on average increase ~15% from Sept. 24-Oct. 1; the five-year average for Oct. 1 is ~77%
- Revision to 2022 U.S. soybean crop to be included in Friday’s USDA Grain Stocks report. Avg. trade est. is 4.269 billion Bu. vs. latest est. of 4.276
- Funds bot 2 SB, 2 SM, 1 BO. Oct crush, +$.01 @ $2.12/bu
FINANCIALS: Market taking a break from recent sell-off? Futures higher.
WALL STREET FUTURES - Firmer:
Dow, +72; S&P, +12.25; NAS, +41
ASIA - Firmer:
Nikkei, +0.18%; Shanghai, +0.16%;
Hang Seng, +0.83%
EUROPE - Firmer:
DAX, +0.01%; FTSE, +0.01%; CAC +0.22%
December Gold: $-5.4 @1,914
September Crude: +$1.49 @$91.88
Dec U.S. Dollar Index: +0.050 @105.930
