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!

 

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Danvers location only Cash Bids
Delivery Start Delivery End Cash Price Basis Futures Price Futures Change
Corn
Soybeans
Quotes are delayed, as of July 20, 2024, 11:13:27 AM 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.

Local Weather
Forecast



Ag Commentary
Corn Traders Had Little to Show for Friday Effort
Corn futures couldn’t hold initial gains into the Friday close, as quite a few markets sold off going into the weekend. Net changes were fractional, down ¾ to up ½ cent per bushel. Fairly benign weather forecasts and less than desired export business limited buying interest. The 7-day QPF from...
Cotton: You Just Can't Keep a Bear From Growling
Cotton prices were down 99 to 139 points at the close, with thinly traded October the weakest but active December not far behind. Crude oil was down $2.69 per barrel to add some pressure via the synthetic fiber market, and the stock markets were also having a bad day. The...
Soybean Prices End Friday in the Red, Spec Funds Expand Bearish Positions
Soybean futures settled 1 ¼ to 7 ¼ lower on Friday, with the inverse (a.k.a backwardation) continuing to expand on good crusher demand for nearby beans and big expectations for 2024/25 global production. Soymeal futures finished the day $.40 to $4.00 per ton lower. Soy Oil futures saw nearby August...
Contrary Opinion Trade Works for Wheat on Friday
Wheat futures were swimming against the bearish tide on Friday, or perhaps unwinding some inter-market spreads. In any event, all three US markets were higher. Chicago futures settled 5 to 8 cents higher. Kansas City contracts were up 5 ¼ to 7 ¾ for the day. MPLS spring wheat continued...
Cattle Settled Mixed Ahead of USDA Cattle on Feed Report Release
Live cattle futures were mixed at the close, anticipating little bearish news for nearby cash cattle in the COF report, but more cautious above December and later. Overall, the board was 85 cents higher to 52 cents lower. Some southern cattle traded at $187 to $188.50 this week, with the...
Hogs Extend Rally on Friday, August Up $3.18 for the Week
Lean hogs continued their bullish effort for the week, up $.20 to $1.22 on Friday. Nearby August was up $3.18 for the week. The USDA National Base Hog price was reported at $82.42 on Friday afternoon, down $2.97 from the day prior. The CME Lean Hog Index was $89.27 on...

Daily Market news

7/19/24 Commentary:

  • Soybeans continue to build a good trade. Wheat and corn are treading water.
  • China is facing an oversupply of soybeans as record high purchases boost stockpiles at a time when animal feed demand remains subdued, with prices of products such as soyoil and soymeal set to sink even lower. The soybean surplus also threatens to curb China's appetite for imports in the September-December period, the peak marketing season for U.S. beans, putting further pressure on prices Sv1 already near four-year lows, traders and analysts said. "The main issue is that demand for soybean products is not picking up," said a Singapore-based trader at an international company which runs oilseed processing plants in China. "Crush margins are under pressure due to huge arrivals of beans."

 

  • Black Sea corn crop issues extend to Russia as well as Ukraine. The consultant group IKAR reduced the latter’s crop estimate from 15.3 to 14.0 million metric tons. Some are suggesting with a near-20% reduction in some Ukraine forecasts, the same figure might be appropriate here. The USDA (15.0) is already forecasting 24-25 exports 1.4 million metric tons lower than LY and a 20% smaller crop could take shipments down another million tonnes. Perhaps not huge numbers but these problem areas could begin to add up, benefitting the U.S. program.

CORN:

  • U.S. corn export sales update: old-crop sales of 17.2 million bu. were down 19% from last week, 10% v. the 4-wk avg. & below the trade range 20-31
  • total was still well above the 10.2 needed to reach USDA forecast
  • outstanding sales of 337 million bu. are more than double 154 last year
  • U.S. sorghum export sales update: old-crop sales of 2.4 million bu. were down 40% from last week but up 43% vs. the 4-wk avg.
  • outstanding sales of 16 million bu. are down 54% from 35 million bu. last year
  • Buenos Aires Grain Exchange maintained its estimate of Argentina corn crop at 46.5 million metric tons (USDA: 53.0 in latest Supply/Demand report)
  • harvest progress is estimated at 79.2%
  • Funds sell 8 K, export sales decent but weather outlook non-threatening

SOYBEANS:

  • U.S. export sales: old-crop sales of 13.2 million bu. were up 73% from last week, 13% vs. the 4-week avg. & near the midpoint of the 6-22 trade range
  • total was above the 4.8 million bu. needed to reach annual USDA forecast
  • new-crop sales improved from 7.0 million bu. last week to 13.8
  • USDA daily export sales on Thu.—510 K of 24/25 beans to Unknown Destinations and 150 K of 24/25 soybean meal to Unknown Dest.
  • Updated NWS August forecast: above normal temps for all U.S. soybeans; mostly equal chances of above or below normal precip except:
  • above normal in Southeast; below normal in KS, NE & western SD
  • Funds bot 2 SB and 2 BO, were even SM . Aug Crush, -$.03 @ $1.54

FINANCIALS:

A continuation of Thursday’s

broad-based market sell-off?

WALL STREET FUTURES - Weaker:

Dow, -103; S&P, -7.5; NAS, -50

Asia - Mostly weaker:

Nikkei, -0.74%; Shanghai,

Hang Seng, -2.14%

EUROPE - Weaker:

DAX, -0.83%; FTSE, -0.63%; CAC -0.63%

August Gold: $-40.8 @2,416

September CRUDE: $-0.25 @$81.05

Sep U.S. Dollar Index: +0.185 @103.885


The CME Group Intercontinental Exchange