OLYMPIA FFA Feed The Farmer Supper

Please join us on Wednesday, September 26, 2018 for the Olympia FFA "Feed The Farmer" meal.  Once again, the local chapter will be providing pork burgers, chips and a cookie from 5-7 pm near the outbound scale.  DFE is pleased to partner in the event, providing soft drinks for the occasion.  Its our hope that all enjoy and continue a safe and bountiful harvest season.  Thank you!

Been Thinking...

"Sticking to it is the genius!  Any other bright-minded fellow can accomplish just as much if he will stick like hell and remember nothing that's any good works by itself.  You got to make the damn thing work."

Thomas Edison

DFE Cash Bids
Notes Delivery Start Delivery End Cash Price Price Change Basis
Corn
Soybeans

Quotes retrieved on September 25, 2018, 05:49:34 PM CDT
July 12 WASDE Report

Outside Markets
Quotes retrieved on September 25, 2018, 05:49:34 PM CDT
Board of Directors
Tuesday Morning Comments

11:00 AM Market Commentary:  Corn down 1; Beans up 2 (10 off the highs)

US winter wheat seeding is 28% complete versus the 5 year average of 26%.

The two day FOMC meeting begins today with the trade anticipating the Feds to increase interest rates a quarter
of a point. The trade will be closely watching the Fed’s comments concerning inflation and GDP. The Fed’s
economic forecast and “dot plot,” which shows policymakers’ expectations for interest rates over the coming
years, will offer more clues on the path forward for rate hikes.

The average trade estimates for Friday’s USDA quarterly stocks report has corn Stocks as of Sept 1st at 2.010
billion bushels, soybean stocks at 401 million and wheat stocks at 2.343 billion bushels.

Seasonally cool temps will blanket the Corn Belt by end of the week with highs in the 50’s. Modest precipitation
will be noted over portions of the Midwest. NOAA’s 8-14 day forecast is showing above normal precipitation for
the entire Corn Belt while temps will be below normal in the west and above normal in the southeast.

President Trump signed a revised free-trade pact on Monday with South Korea. Trump also hopes by Wednesday
to persuade Japan to enter formal bilateral trade talks. Trump aides also have meetings planned with their
European Union counterparts to advance a trade-expanding framework unveiled in July

Argentine President said on Monday that the country was close to a deal with the IMF to bolster a $50 billion
credit line, while a government source said $3 to $5 billion in additional credit could be announced this week


Summary Items:
Corn and soybean ratings improve 1%.
President Trump is speaking at the United Nations this morning.
Two day FOMC meeting begins today; interest rate hike is expected.

2018 Crop Insurance Prices

Corn - $3.96 Spring    

Beans - $10.16 Spring    

 

Managed Money Activity

Grain Acceptance Policy

Danvers Farmers Elevator will not accept grain containing transgenic events that are not approved for U.S. Export Markets including, but not limited to, Canada, China, South Korea, The European Union, Japan and Mexico.

 

CME Futures Markets
Quotes retrieved on September 25, 2018, 05:49:34 PM CDT
Information gathered for this website is thought to be from reliable sources, but cannot be guaranteed as to its accuracy or completeness by DFE.