News & Announcements

We look forward to seeing those that have responded at the DFE Annual Meeting on Thursday, December 9 at the Interstate Center in Bloomington.  

The offices of DFE and United Prairie remain open to the public.  For full disclosure, employees in the office and in the field are not wearing masks, whether fully vaccinated or not.  Please use your own judgment in wearing one as you visit the office.  If you have been exposed to persons who are Covid positive, please remain quarantined per current CDC guidelines.  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 are delayed, as of December 07, 2021, 09:36:30 AM 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.
Oct 12 WASDE Report

Outside Markets
Quotes are delayed, as of December 07, 2021, 09:36:30 AM CST or prior.
Tuesday Morning Commentary

7:45 Market Direction:  Corn down 3, Beans down 3.

Grains and oilseeds are mixed to start Tuesday with corn and HRS higher and others just lower. Volume was heavy for soybeans and light for the other commodities.

Overnight tenders saw Taiwan’s MFIG buying 130 kmt Argentine corn with U.S. offers missing the business. Philippines tendered for feed wheat and barley while Japan tendered for milling wheat.

Chinese soybean imports for November were up sharply from October’s shipments (Hurricane Ida delays) but still look to be reduced year over year from U.S. origins. China said to be 97% covered on Dec bean needs; 63% for January and 80% for February. Relatively low Jan figure seemingly to do with uncertainty over timing of the Brazil harvest.

Scattered showers and near normal temperatures are forecast through Friday for soybeans in the northern Brazil states of Mato Grosso, Mato Grosso do Sul and southern Goiás. Isolated showers are forecast on Tuesday for first-season corn and soybeans in the southern Brazil states of Rio Grande do Sul and Paraná, then mostly dry conditions the rest of the work week. Temperatures are projected to be near to below normal Tuesday-Thursday, then near to above normal on Friday.

Yesterday’s cash trade was quieter than last week with pushes harder to realize. Futures spreads relaxed accordingly. The corn market message is still to be sold up as numbers above DVE can be executed.

On This Day In History: In 1941, at 7:55 a.m. Hawaii time, a Japanese dive bomber bearing the red symbol of the Rising Sun of Japan on its wings appears out of the clouds above the island of Oahu. A swarm of 360 Japanese warplanes followed, descending on the U.S. naval base at Pearl Harbor in a ferocious assault. The surprise attack struck a critical blow against the U.S. Pacific fleet and drew the United States irrevocably into World War II.  

Look for a mixed day.  Remember Pearl Harbor.

All eyes on the developing South American soybean crop.

Pearl Harbor Day.

Markets struggling in the overnight.

2021 Crop Insurance Prices

Corn - $4.58 Spring    

Beans - $11.87 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 are delayed, as of December 07, 2021, 09:36:30 AM 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.


The CME Group Intercontinental Exchange