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!
|Delivery Start||Delivery End||Cash Price||Basis||Futures Price||Futures Change|
All grain prices are subject to change at any time.
Cash bids are based on 10-minute delayed futures prices, unless otherwise noted.
- Wheat Turning Around into Tuesday
- The wheat market is trading firmer this morning, following Monday’s collapse as the market put things on sale to trigger more export business. Chicago contracts were down 14 1/2 to 116 1/4 cents at midday. Kansas City futures were 10 to 15 1/4 cents in the red and exploring new...
- Morning Recovery in Corn Market
- Corn is staging a fractional to 1 ½ cent recovery into the day portion of Tuesday. Futures closed out the Monday session with contracts down 1 ¾ to 7 ¾ cents lower across the board. Open interest dropped by 31.6k contracts across the corn futures market, though following options expiration...
- AM Bounce for Cotton Market
- Cotton is working near the highs from overnight action with 15 to 23 point recovery into Tuesday’s day trade. Futures posted losses of 144 to 180 points on Monday to start the week off on a lower note. Crude oil was down $0.52/barrel, with the US dollar index 19 points...
- Spec Traders Shown With Net Short in Feeder Cattle
- Live cattle futures tried to rebound at the Monday open, but contracts ended the day with $1.47 to $2.82 losses. Most of Monday’s action was compiling showlists, with a few $175 cleanup sales reported in the South. Feeder cattle futures continued to implode, posting losses of $4.72 to $6.52. The...
- Hogs Head Lower to Start New Week
- Hogs saw losses of 62 cents to $1.85 on Monday, with December the exception, up 30 cents. USDA’s National Average Base Hog price was reported at an average price of $58.85 in the Monday PM report on light action, which was up $1.36 from the Friday afternoon price. The CME...
- Soybean futures went down and touched the 200-day moving average and bounced off of it.
- Taking the low end of current S AM soybean crop estimates which seems to be around 156.6 for Brazil and 48 for Argentina, the 2-country total is still 21.6 million metric tons (800 million bu.) larger than last year. And, the latest forecast for Paraguay would add an other 30-35 million bu. to that total.
- Chicago soybeans fell to more than three-week lows on Monday as rain in parts of Brazil's oilseed producing areas eased crop concerns, even as leading consultants reduced their output forecasts. Wheat firmed, recouping some of last session's losses, while corn was largely unchanged. "There have been some rains in Brazil and forecasters are looking at more wet weather," said one Singapore-based trader at an international trading company. "And Argentina's output is going to rebound, so overall we expect ample supplies from South America in 2024."
- China's most active hog futures closed down 5.69% on Monday at a record low, after farmers ramped up selling of pigs following months of weak prices, hitting market confidence. The January contract fell to 14,660 yuan ($2,032.98) per metric ton in the biggest daily decline since June, and despite the state planner announcing on Friday it would stockpile more pork to support prices. China's cash hog prices have been falling since August on large oversupply and weak demand and dropped another 4% in the past week to 14.41 yuan per kilogram on Monday.
- Brazil's 2023/24 soybean planting had reached 74% of the expected area as of Thursday, agribusiness consultancy AgRural said on Monday, up 6 percentage points from the previous week. Sowing continues to lag behind last year's levels, when 87% of the areas had been planted at the same time, AgRural said in a statement.
- The Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia, known as OPEC+, will begin its formal meetings to decide oil output levels at 1300 GMT on Thursday, according to a draft agenda seen by Reuters on Monday.
- U.S. export sales update for the week ending Nov. 16
- 23/24 corn sales of 56.4 million bu. were within trade range of 28-63
- top buyers: Mexico (29.4) & Japan (13.2)
- unshipped corn sales to all destinations are 607 million bu. versus 485 last year (+25%)
- Emater-RS pegged 1st corn planting in Rio Grande do Sul-Brazil at 82% last week, a 1 p.p. WoW increase, vs 82% LY & 5-year avg. of 85%
- T-storms are expected to continue affecting south Brazil, with below normal rainfall in central and northern areas over the next 14 days
- Funds sell 7 K as CZ makes new low, pressure from soy and wheat
- U.S. export sales update for the week ending Nov. 16
- beans sales of 35.3 million bu. were within the trade range (29-66)
- top buyers: China (27.8) & Spain (6.2)
- unshipped bean sales to all destinations are 495 million bu., versus 722 million bu. last year (3-1.4%)
- soymeal sales: 203.6 MT vs. 144.8 last week & 193.5 MT two weeks ago
- unshipped sales are up 36.4% versus last year.
- Excessive rain in south Brazil continues to delay soybean planting in Rio Grande do Sul: 25% planted, vs. 55% LY, and 5Y avg. of 63% (EMATER-RS).
- Funds sold 8 SB, 1 SM, 9 BO. Jan crush, +$.01 @ $2.42/ bu
Major indices are slightly lower, several data releases this week.
WALL STREET FUTURES - Weaker:
Dow, -27; S&P, -3.75; NAS, -11
Asia - Weaker:
Nikkei, -0.44%; Shanghai, -0.71%;
Hang Seng, -0.89%
EUROPE - Firmer:
DAX, +0.22%; FTSE, +0.06%; CAC +0.2%
December Gold: +$10.4 @2,013
September Crude: $-1.24 @$74.30
Dec U.S. Dollar Index: -0.089 @103.304