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 2023 Harvest Policies
| Delivery Start | Delivery End | Cash Price | Basis | Futures Price | Futures Change |
|---|---|---|---|---|---|
| Corn | |||||
| Soybeans |
All grain prices are subject to change at any time.
Cash bids are based on 10-minute delayed futures prices, unless otherwise noted.
- Cattle Regain Strength to Round Out Week
- Cattle futures are continuing to shrug off the Wednesday overreaction, as contracts are up another 60 cents to $1.52 at midday. Cash trade kicked off on Thursday with a steady/higher note this week, as the South was at $182 in TX and $182-184 in KS on Friday, even to $2...
- Corn Settles 1 to 3 Lower on Friday, Still Up 6+ Cents for Week
- Corn settled 1 to 3 cents lower on Friday, with nearby May the firmest and May 2025 seeing the biggest day to day net loss. The solid export sales report on Thursday lifted the market for the week, but with all the global uncertainties traders were content to square up...
- Cotton Futures Mixed Going into Weekend
- Cotton futures settled lower on Friday, by 18 to 39 points. Nearby May is in deliveries, and only one trade was reported for the entire day, at 80.07. Active December was down 33 points and settled just a few ticks off of the intraday low. The outside markets were mixed,...
- Hogs Correction Continued on Friday
- Lean hogs hit their high for the week on Tuesday and spent the rest of the week fading the early rally. Futures settled $1.00 to $2.525 lower on Friday. USDA’s National Average Base Hog negotiated price was $90.38 in the PM report, up $1.67. Regional prices were not available due...
- Wheat Rally Continues into Weekend, KC Up 64 ¾ Cents For Week
- Wheat bulls continued their assault on the heights (or at least foot hills given the size of the decline in recent months) on Friday. Kansas City HRW continues to lead the way, with gains of 13 ½ to 14 ¼ on Friday and 64 ¾ for the week. Chicago futures...
- Soybeans Hesitant to Head Higher on Planting Delays
- Soybeans settled 3 ¼ lower to 3 cents higher on Friday, with delivery months out through January 2025 in negative territory and the rest of the 2025 contracts ending the session higher. Nearby May was up 9 cents for the week, or 0.78%. Soymeal dropped $3.90 in the nearby May...
4/25/24 Commentary:
• The wheat market makes a new push higher while corn basis is starting to roll over.
• Soybean line-up estimates in Brazil continue to increase for April, despite much lower expected production in 2024. At least two factors may help explain Brazil’s strong soybean shipments—which have been affecting U.S. exports. First, a weaker exchange rate in April has helped keep export premiums and prices relatively more competitive. Second, higher exports could be an indication of more supply in the country, and production may be higher than many agencies are estimating (>150 million metric tons?).
• Argentine corn farmers are bracing for a warmer than usual Southern Hemisphere winter that will likely undermine efforts to reduce the population of leafhopper insects that damage the crop, the Rosario grains exchange (BCR) said on Wednesday. Agricultural powerhouse Argentina is the world's No. 3 corn exporter, as well as a major soybean, wheat and beef producer. Local corn yields, however, have been hit by explosive growth of leafhoppers, whose appetite for plant sap weakens corn plantings while triggering stunted growth and leaf yellowing. The insects also help spread plant disease.
CORN:
• Export Sales trade estimates for the week ending April 18; Corn: 16-35 million bu for 23/24; 1-14 for 24/25
• Ethanol grind: 954,000 barrels/day for week ending April 19, dn 3.0% compared to last week and 1.3% vs. last year. Stocks were 25.733 mb, dn 0.347 mb from the prior week and slightly below the average trade estimate of a 0.324 decrease
• Consultant: Argentina 23/24 corn est. unchanged at 50.0, lower bias
• wet weather slowing harvest; 17.2% as of late last week vs. 32% avg.
• yields are expected to decline significantly as harvest moves into later planted crop, which is more impacted by corn stunt
disease
• Funds sold 3 K—weaker trade; weather in the U.S. and South America
SOYBEANS:
• Trade estimates for USDA Export Sales report (week ending April 18)
• Beans: 11-22 for 23/24; 0-11 for 24/25
• Meal: 100-400 for 23/24; 0-50 for 24/25
• Oil: (5)-10 for 23/24; 0-10 for 24/25
• Weekly soybean crush in China was up 0.180 Million metric tons at 1.95 Million metric tons during the week ending April 19, a 27.5% increase week-on-week and up 22.6% from a year ago (CNGOIC)
• ATI Research: U.S. beans planted for the week ending April 28 show the 5- year avg. at 10% vs. 16% last year; planting was 8% complete as of April 21
• Funds were even SB, bought 4 K SM, sold 4 BO. May crush, -1 @ $.875/ bu
FINANCIALS:
U.S. stock futures fall on early Thursday affected by poor META’s results
WALL STREET FUTURES - Weaker:
Dow, -145; S&P, -31; NAS, -164
Asia - Mixed:
Nikkei, -2.16%; Shanghai, +0.27%;
Hang Seng, +0.48%
EUROPE - Mostly weaker:
DAX, -0.6%; FTSE, +0.65%; CAC -0.59%
June Gold: +$0.3 @2,339
June CRUDE: $0 @$82.81
Jun U.S. Dollar Index: -0.245 @105.700
