Operations Updates (10/26)

Harvest Hours:  7:00 AM - 8:00 PM (Weather Permitting)

As we trickled in the last bushels of harvest over the next few days, hours will begin to transition back to normal.   Please call and/or check the office window to verify closing time on a daily basis.

The offices and shop at DFE are one again closed until further notice.  We had relaxed this policy for the last couple of months, but see that it is necessary once again to be sure that we're able to serve your harvest needs and receive grain to the best of our abilities as always expected.  

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!

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
Notes Delivery Start Delivery End Cash Price Price Change Basis
Corn
Soybeans

Quotes retrieved on October 27, 2020, 01:14:25 PM CDT
All grain prices are subject to change at any time.
Cash bids are based on 10-minute delayed futures prices, unless otherwise noted.
Oct 9 USDA Report

Outside Markets
Quotes retrieved on October 27, 2020, 01:14:25 PM CDT
Monday Morning Comments

8:45 AM Market Direction:  Corn down 4, Beans down 3.  

Grains and oilseeds start the week mostly in the red with Nov soybeans ticking just firmer. Volume was solid for a Sunday night session.

Brazil received better rains this past weekend.  Debate beginning on how many bean acres Brazil will plant this fall. USDA has them up 1.7 million hectares at 38.6, one of the larger year-to-year increases in some time. That’s double the average annual increase of 960,000 hectares over the past 5 years.

T-storm Weather®: Intense cold continues through Tue. in U.S. Plains, leaving HRW wheat areas below freezing through then, including record-setting lows for entire month of Oct. in many areas as temps reach 0s & 10s today & Tue.—an incredible -35°F to -50°F from normal. Light to moderate snow continues to-day across central & southern Plains; 1”-3” of accumulation. Otherwise, 0.50”-1.50” of rain affects south-east third to half of Corn Belt through Wed. Drying then follows & lasts for at least 7-10 days.

U.S. corn harvested in today’s USDA Crop Progress report is expected at 72%, which is up 12 points from last week. This is also sharply above the 38% pace of last year and would be the fastest since 2015 (74%).

Friday’s COT report showed managed money adding to its net length.

Russian wheat has received some improved rains though concerns remain.

U.S. COVID-19 cases hit record high, turns stocks lower.  WALL STREET: Lower–DOW futures, -267; S&P, -32.5; NAS, -91.25

Spread changes are muted thus far today. Friday saw select basis weakness in some markets. With Friday’s FND, can basis break enough to let Nov deliveries become more likely?

Look for a choppy day as we sort out late harvest weather and cash markets.

US COVID-19 cases hit record high; hammers stocks.

Mixed/colder weather for the week.

Harvest progressing at fastest pace since 2015.

 

2020 Crop Insurance Prices

Corn - $3.88 Spring    

Beans - $9.17 Spring    

 

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 retrieved on October 27, 2020, 01:14:25 PM CDT
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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