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 May 20, 2024, 02:03:10 PM 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
Soybeans Rallying Double Digits With Product Value Strength
Soybeans are starting off the week with some strength, as contracts are up anywhere from 15 to 20 cents across the front months. Soymeal futures are up $4.40. Soy Oil is posting triple digit gains, with July up 112 points. Export Inspections data from this morning showed just 184,128 MT...
Cotton Heading Higher to Start the Week
Cotton futures are up 9 to 94 points at Monday’s midday. The outside market factors are not supportive, with crude oil down 49 cents and the US dollar index 90 points higher. The large managed money speculators in cotton futures and options added 1,615 contracts to their net long position...
Wheat Shooting Higher on Weather Risks
The wheat complex is posting sharp gains so far on Monday. Chicago contracts are up 30 to 33 cents at midday. Kansas City futures are rallying 32 to 34 cents across the front months. MPLS spring wheat futures are up 22 to 24 cents at midday. Weather is likely playing...
Cattle Mixed on Monday
Live cattle are trading with mixed action on Monday, as contracts are anywhere from 55 cent higher to 15 cents lower across the front months. USDA reported cash sales of $186 in the South, up to $190 in the North last week, $2-3 higher. Feeder cattle are down 52 to...
Corn Starting Off Monday with Strength at Midday
Corn futures are heading higher to start the new week, with contracts rallying 8 to 8 ½ cents across the front months at midday. USDA’s Export Inspections report pegged 1.21 MMT of corn shipped during the week that ended on May 16. That was a 20.5% increase over last week...
Hogs Steady at Midday
Lean hogs are trading with front months 17 cents higher to 32 cents lower on Monday. USDA’s National Average Base Hog negotiated price not reported on Monday morning due to light volume, with the 5-day rolling average at $89. The CME Lean Hog Index was up another 16 cents on...

Daily Market news

5/20/24 Commentary:

  • Argentina has so far exported 1.3 million metric tons of soybean meal in May with the line-up reported at 2.1 million. Private estimates suggest this month’s shipments could end up between 2.8 and 3.0 million which, is at least a 4-year high and driven by the country’s soybean production recovering from last year. Some sources see world meal trade surging 8 million metric tons/13+% this year in response to larger global supplies and prospects for lower prices and, extending the U.S. program longer than otherwise might be expected.

 

CORN:

  • December corn futures closed at $4.76 ½ on Fri., which is the lowest settlement price since May 1
  • Export Inspections to be released at 10 am CDT. Corn—42.6 needed; 36.9 last week. Milo—3.7 needed, 5.5 last week
  • Crop Progress preview: corn planted on average increases ~17% from May 12-19; progress on May 19 in 2023 was ~76% & the 5-year avg. is ~71%
  • corn planted was 49% last week; there are mixed ideas on progress this week with estimates ranging from 60-65%
  • Dry weather is forecast for the next 14 days for ~80% of safrinha corn in Brazil; normal/slightly below normal for the remaining 20% (mainly south)
  • The Funds sold 8 K; ideas of good planting progress for the weekend

 

SOYBEANS:

  • Export Inspections at 10 am CDT; 12.7 needed; 14.9 last week
  • Crop Progress preview: soybeans planted on avg. increase ~15% from May 12-19; progress on May 19 in 2023 was ~61% & the 5-year avg. is 49%
  • soybeans planted last week were 35%; there are mixed ideas on progress this week with estimates ranging from 45-50%
  • Occasional thunderstorms affect the currently flooded state of Rio Grande do Sul in southern Brazil over the next 14 days; cumulative totals of 1.50”- 3.50” are most likely
  • soybean losses of up to ~3.3 MMT are possible in RGDS
  • Funds sold 4 SB, bot 5 BO, even SM. July crush, unchanged @ $.81/ bu

 

FINANCIALS:

Stock futures bode well for the opening.

WALL STREET FUTURES - Firmer:

Dow, +9; S&P, +5.25; NAS, +34

Asia - Firmer:

Nikkei, +0.73%; Shanghai, +0.54%;

Hang Seng, +0.42%

EUROPE - Firmer:

DAX, +0.26%; FTSE, +0.19%; CAC +0.23%

June Gold: +$27 @2,444

July CRUDE: $-0.2 @$79.38

Jun U.S. Dollar Index: +0.010 @104.330


The CME Group Intercontinental Exchange