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 March 02, 2024, 07:17:16 AM CST 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
Corn Bleeds into Weekend
The corn market faded on Friday with 12 ¾ to 5 cent losses across the front months. May futures were still up by a net 11 cents for the week, and Dec prices were up by a net 9 ½ cents on the week. Weekly CFTC data showed managed money...
Friday Gains in Cattle Futures
Feeder cattle prices led the way higher on Friday, ending up by as much as 1.7%. Despite the strong finish to the week, March feeders were still down $1.60 wk/wk. Fat cattle rallied $1.50 to $3.10 on the day, pushing the April contract to a net 55 cent gain for...
Triple Digit Rally for Friday Hog Futures
Front month lean hog futures were up by $1.32 to $1.85 on the last trade day of the week. That left the April contract at a net 87c gain for the week. USDA’s National Average Base Hog price was dropped $2.82 on Friday afternoon to $72.67. The CME Lean Hog...
Lock Limit Drop for Friday Cotton Market
Old crop cotton futures will see expanded 5 cent limits on Monday after ending the Friday session down the limit. Board strength earlier in the week kept prices 2c higher for the week’s net move. New crop futures were 86 points lower on Friday and a net 44 points weaker...
Soy Futures Firm for Weekend
The soybean futures market ended the last trade day of the week with double digit gains for old crop and 6 to 7 cent gains in new crop. The May contract finished the week with a net 9 ½ cent gain. Nov soybeans were a net 8 ¼ cents higher...
Wheat Flips Net Lower for the Week
Friday’s double digit selloff flipped the week’s move to net lower across the U.S. wheat futures. Chicago prices were down by 17 to 18 ½ cents on the day. That left May SRW at a net 15c loss for the week. KC wheat futures weakened by 3.2% to 3.9% by...

Daily Market news

3/1/24 Commentary:

A very strong week for soybean meal export sales at 456 K MT. Year-to-date sales of 9.5 million tonnes are record large for this time of year, 22% ahead of the 22-23 total. The February WASDE forecast equates to a 5+% annual increase and one could argue the USDA is 150-200 K MT on the light side with its 13.88 million metric tons figure. What may be most impressive is the 1.2 million metric tons increase in sales to Asia, in part due to sharply lower shipments expected from India.

CORN:

  • Final crop insurance average price of December corn futures: $4.6551
  • U.S. corn export sales update: sales of 42.6 million bu., up 32% vs. last week, down 5% v. 4-week avg. but well above the midpoint of trade range of 24-47
  • total was also above 20.4 million bu. above the level needed to reach annual USDA forecast
  • ATI Research: exports for the next month should average 40- 50 million bu. per week vs. 48 for the 5-year avg.
  • U.S. sorghum export sales: sales of 17.5 million bu. were a marketing year high
  • ATI Research: exports for the next month should average 4-8 million bu. per week
  • The Funds bought 2 K as there were no deliveries; over-sold, China talk

SOYBEANS:

  • Final base crop insurance average price of Nov. bean futures: $11.5464
  • U.S. export sales update: 23/24 bean sales of 5.9 million bu. were up from last week’s marketing year low of 2.1 but still down 30% vs. the 4-week average
  • ATI Research: sales over the past month have dropped to a 20-year low of just 8+ million bu. per week, which is ~25% of the seasonal pace. Year-to-date sales of 1.43 billion Bu. are 20% below last year, with the USDA forecasting a more modest 14% annual decline
  • a 50-90 million bu. cut to the USDA forecast of 1.720 billion Bu. is possible
  • NASS January soybean crush today; trade avg. is 196.3 million bu. (191.2 last year)
  • Funds sold 3 K SB, bot 2 SM, even BO. Mar crush, +10 @ $0.96/ bu

FINANCIALS:

It looks like another weak day on Wall Street with futures lower.

WALL STREET FUTURES - Weaker:

Dow, -76; S&P, -9.5; NAS, -20

Asia - Firmer:

Nikkei, +1.9%; Shanghai, +0.39%;

Hang Seng, +0.47%

EUROPE - Mixed:

DAX, +0.29%; FTSE, +0.44%; CAC -0.28%

April Gold: +$8.6 @2,063

April CRUDE: +$1.23 @$79.49

Mar U.S. Dollar Index: -0.053 @104.098


The CME Group Intercontinental Exchange