Been Thinking...

"He who holds his tongue for a day will speak much more wisely tomorrow."

Fulton Sheen

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

Quotes retrieved on May 27, 2017, 02:16:42 PM CDT
Advance Weekly Commentary

Updated Tuesday, May 23, 2017

Commitment of Traders



May 22 8,000 4,000
May 23 -12,000 -8,000
May 24 3,000 -2,000
May 25 -6,000 -7,000
May 26 9,000 -8,000
Net Position 


Record Long 395,000 225,000
Record Short  -265,000 -135,000
Memorial Day

The DFE Office will be Closed Monday, May 29, 2017 in observance of Memorial Day

Friday Closing Comments


Corn was higher to finish the week with CN gaining 5 cents and CZ also a nickel firmer. Despite the rally, today’s trade was a low volume affair with the exception of commodity funds which were bigger than expected traders. As of midday, funds had purchased an estimated 9000 corn contracts. The rather large fund purchases in an otherwise light volume trade were a significant factor pushing prices higher. Estimates pegged the fund net short position at nearly 200,000 corn contracts as of yesterday’s close. There was more talk today that at least some corn acreage will eventually be switched to soybeans as wet soils persist in the eastern Midwest and scattered rainfall will continue to plague the region for at least another week. Tuesday’s crop conditions report is expected to show nationwide corn planting near 90% complete with 65% to 70% of the crop rated in good or excellent condition.


Soybeans were moderately lower today with SN fading 13 cents and SX a dime weaker. Like corn, trading volume was low as many traders started the holiday weekend early. Commodity funds added to their net short position by selling an estimated 5100 soybean contracts as of midday. Also pressuring today’s market were rumors that China may cancel some of their outstanding U.S. old crop purchases as Chinese crush margins have declined to nine month lows on rising domestic soymeal stocks. The persistent wet weather in the eastern Midwest is increasing odds that some corn acreage will be switched to soybeans when farmers are able to return to fields which looks like will not be before early June. Traders expect Tuesday’s crop conditions report to show about 65% of the soybean crop planted. Another week of little planting progress looks to be in the offing next week given current weather forecasts which offer several rain chances for most of the Midwest from now through the beginning days of June.

February Crop Insurance Prices

The February Crop Insurance Prices are now available

Click Here for the information

Outside Markets
Quotes retrieved on May 27, 2017, 02:16:42 PM CDT
Board of Directors
May 10th Report

CME Futures Markets
Quotes retrieved on May 27, 2017, 02:16:42 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.