HOLIDAY HOURS

DFE and United Prairie will be closed on Monday, February 19, 2018 in observance of President's Day.  

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 February 18, 2018, 02:12:11 PM CST
November WASDE Report

Advance Trading Weekly Market Update

Friday Evening Comments

CORN

Corn futures closed fractionally lower on a day that saw just a 2 cent range in corn. News was fairly quiet today as traders took a break ahead of the 3-day weekend. The grain markets will be closed until Monday night at 7 p.m. central time. The Argentina weather forecast is still on the top step in terms of news. The USDA is currently at 39 MMT for Argentina corn, with private estimates 1 to 2 MMT lower than that. The Buenos Aires Grain Exchange estimated that 58% of the Argentine corn and 56% of the beans are in the poor to very poor category. The Brazilian 2nd corn crop is estimated to be 46% planted vs. the average of 41%. Last year it was 58.4% planted. Mato Grosso made good progress in planting last week, but Parana, in the south, remains behind. The next week or so will be critical in those areas as yield potential dips if the crop is planted by March 1st. The USDA announced a sale of 116,000 tons of corn to Japan for this marketing year. Weekly corn exports have averaged right around 70 Mln. bu. per week over the last 5 weeks. Resistance for March corn is growing near $3.68 ½ as that has been the high for 3 days this week.

BEANS

Soybeans finished slightly lower, breaking a string of 4 up days in a row. The fund buying took a pause today as the trade is in a wait and see mode on Argentina rain over the weekend. Rain chances will hang around, but totals and coverage levels will be highly debated come Monday night. 3 day weekends in a weather market always seem to crank up the volatility a notch. Soybean meal, which has been leading the recent rally, showed a small reversal at the close today with March meal closing lower after setting a new recent high. Mato Grosso in Brazil is estimated to be 45% done with bean harvest, up 16% on the weekend. Last year it was 52% complete. The commitment of traders report this afternoon is expected to show the funds were buyers of all 3 commodities this prior week. For the week, March corn closed 5 ½ cents higher. March beans were up 38 ½ cents for the week, with March wheat up 8 ¾ cents.

Outside Markets
Quotes retrieved on February 18, 2018, 02:12:11 PM CST
Board of Directors
2017 Crop Insurance Prices

Corn - $3.96 Spring        $3.49 Fall

Beans - $10.19 Spring    $9.75 Fall

 

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 February 18, 2018, 02:12:11 PM CST
Information gathered for this website is thought to be from reliable sources, but cannot be guaranteed as to its accuracy or completeness by DFE.