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 March 04, 2024, 12:39:00 PM 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.

Local Weather
Forecast



Ag Commentary
Corn Futures Holding Firm at Midday
Monday’s corn futures market is trading with a penny to 3 cent gains so far at midday. Futures were up by as much as 11 cents earlier in the session. CME added another 113 March corn deliveries overnight. SG Americas issued most of them, with ADM the largest stopper. MTD...
Soybeans Off Highs, Still in Black
Front month soybean futures are working 2 ¼ to 6 ½ cents higher so far though prices are off their earlier highs – which had May up by 14 cents. CME reported another 225 March bean contracts were issued for delivery overnight. That brought the total for the month up...
Wheats Holding onto Gains through Midday
Midday wheat prices are off their highs, but still in the black. Chicago is up by 4 to 4 ½ cents so far. The hard red wheats are up by 2.3% in KC and 2.2% in Minneapolis so far with double digit gains. CME data had 318 deliveries vs March...
April Hog Futures Falling
The lean hog market is trading mostly in the black and near the session highs with 7 to 35 cent gains at midday. The lead month April contract is the resounding exception with a $1.40 loss at midday and at the day’s low. USDA’s National Average Base Hog price was...
Cattle Dropping on Grain Rally
Live cattle futures are currently 50 cents to $1.05 in the red, as feeders are down by as much as $2.07 to start the week. USDA confirmed light Friday cash action near $183-$184, matching the bulk of the week’s business. The CME Feeder Cattle Index was 54 cents weaker on...
Monday Cotton Mixed at Midday
Cotton gapped lower to start the new week following the fade from Thursday and Friday. Futures are now working mixed as old crop remains 142 to 107 points in the red, while new crop is 9 to 24 points higher. The updated 7-day QPF from NOAA has heavy rain fall...

Daily Market news

3/4/24 Commentary:

  • The soybean market is building on strength from Friday and is 30c off the lows from Thursday.
  • China snapped up more than 20 cargoes of feed grain on the international market in the past two weeks, Bloomberg News reported on Monday. The country secured shipments of corn, sorghum and barley from suppliers including Ukraine and the United States, the report said, citing people familiar with the transactions. The purchases amount to more than 1.2 million tons of grain based on each cargo being 60,000 tons, Bloomberg said.
  • Indian farmers are planning to escalate their protests from Wednesday by entering the capital New Delhi by bus and train, and increasing their numbers at border points that are currently blocked by tractors. Thousands of farmers began the "Delhi Chalo" (Let's go to Delhi) march last month but were stopped by security forces about 200 km (125 miles) north of the capital with teargas and water cannon. The farmers, who are demanding higher prices for their crops, intensified their protest after several rounds of failed talks.
  • China on Monday issued new regulations to control the nation's pig production capacity after an aggressive expansion of farms over the past two years led to an oversupply, in a move that could reduce the size of the world's largest pig herd. Hog farming, like other Chinese sectors from homebuilding to electric vehicles, has in recent years prioritized growth and market share over profits, creating a surplus that has driven pig prices lower and is now crowding out imports. With demand in a downturn, the industry have been under pressure to slim down their breeding herds and sell off farms.

CORN:

  • Export Inspections to be released at 10 am CST. Corn—49.4 needed; 48.9 last week. Milo—3.9 needed, 5.0 last week
  • IMEA pegged safrinha corn planting in Mato Grosso, Brazil at 90.1% as of March 1 vs. 80.4% last week, 89.4% last year & 5-year avg. of 88.9%
  • Buenos Aires Grain Exchange Argentina corn crop est. unchanged at 56.5 million metric tons
  • excellent/good crop ratings are 30% compared to 28% last week and considerably above just 6% a year ago
  • USDA Fri. pegged corn consumed for fuel alcohol at 434 million bu., which is down 10% compared to December 2023 & down 2% from January 2023
  • USDA to survey producers thru 3/15 for 3/28 Prospective Plantings report
  • The Funds sold 4 K as wheat pressure spilled over to corn

SOYBEANS:

  • Export Inspections at 10 am CST. 18.7 needed; 35.8 last week.
  • IMEA pegs soybean harvest in Mato Grosso, Brazil at 84.7% as of Mar. 1, vs. 76.4% last week, vs. 88.1% last year, and 5-year average of 83.5%
  • ATI Research: USDA Jan. crush: 194.8 slightly bearish (1.5 below trade avg.)
  • Dom SBM use still a bit negative but offset may be strong export outlook and how soon Argentina can get back into world pipeline
  • Buenos Aires Grain Exchange Argentina bean crop est. unchanged at 52.5 million metric tons
  • excellent/good ratings 30% v. 31% prior week but above 2% last year
  • USDA to survey producers thru 3/15 for 3/28 Prospective Plantings report
  • Funds bot 3 K SB, bot 2 SM, even BO. Mar crush, -13 @ $0.83/ bu

FINANCIALS:

Today’s Wall Street opening is termed “muted”, ahead of several reports this week.

WALL STREET FUTURES - Weaker:

Dow, -104; S&P, -8.5; NAS, -18

Asia - Firmer:

Nikkei, +0.5%; Shanghai, +0.41%;

Hang Seng, +0.04%

EUROPE - Mixed:

DAX, +0.01%; FTSE, -0.3%; CAC +0.03%

April Gold: $-3.7 @2,092

April CRUDE: $-0.27 @$79.70

Mar U.S. Dollar Index: -0.014 @103.799


The CME Group Intercontinental Exchange