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!
Click Here for Our 2023 Harvest Policies
| Delivery Start | Delivery End | Cash Price | Basis | Futures Price | Futures Change |
|---|---|---|---|---|---|
| Corn | |||||
| Soybeans |
All grain prices are subject to change at any time.
Cash bids are based on 10-minute delayed futures prices, unless otherwise noted.
- Corn Bulls Hold on For Friday Gains
- Corn held up despite the bears putting up a fight after the overnight strength. Futures closed with contracts up ½ to 3 ¼ cents, as in delivery May was down a nickel. July futures ended the week with a 10 ¼ cent climb, as December was 9 ¼ cents higher....
- Soybeans Close Just Off Friday Highs
- Soybeans powered into the close as contracts were within a few cents of the daily high at the final bell. Futures were up anywhere from 7 to 16 cents at the close. The weekly gains totaled 37 ¾ cents for July and 26 ¼ cents for new crop November. Soymeal...
- Wheat Rallies into Weekend
- Wheat bulls were feeling better heading into the weekend, as Friday posted a round of strength. Chicago contracts were up 11 to 19 ¼ cents across the board, with May getting thin and July up just a tick on the week. Kansas City futures were 6 ½ to 14 cents...
- Cattle Mixed to Close Out the Week
- Live cattle ended the day with Juny down 12 cents and other contracts spreading higher, up 27 to 67 cents. June was down a total of $1.90 on the week. Cash trade has been slow to develop this week with sales of $184 in the South and a few trades...
- Hogs Slip Lower into the Weekend
- Lean hogs slipped lower as we closed out the week with losses of 15 to 97 cents across most contracts. June was down $3.52 since last Friday. USDA’s National Average Base Hog negotiated price was down $2.40 from the day prior in the Friday afternoon report at $89.38. The CME...
- Cotton Rallies to End Week of Losses
- Cotton futures closed out the week on a better note for the bull as contracts were up 53 to 244 points. July was down 284 points this week, with December 134 points lower. A weaker US dollar helped to close out the day with losses of 218 points. Commitment of...
5/2/24 Commentary:
• Grains are getting a nice bounce overnight; SocGen put out 200+ corn certs.
• NASS reported March soybean crush at 203.7 mbu, a new record high for the month, but still below the average trade estimate of 205.6 mbu. The cumulative crush in 23/24 is also at a record level of 1,373 mbu, and 59.7% (vs. 59.4% avg.) of the projected 2,300 mbu for the current market year. Corn grind for ethanol production was reported at 468.8 mbu, above the high end of the trade estimate. Grind for Sep-Mar stands at 3,187 mbu, 59% (vs. 59% avg.) of the projected 5,400 mbu for the season.
• Ukrainian exports of agricultural commodities wheat and corn are likely to fall by nearly a quarter in the upcoming 2024/25 July-June season following a smaller harvest as a result of war, the first deputy agriculture minister told Reuters on Thursday. Disclosing for the first time, the official forecast for 2024/25, Taras Vysotskiy said the export of wheat could fall to 14 million metric tons from 18 million tons in 2023/24.
• A Washington state appeals court on Wednesday overturned a $185 million verdict against Bayer's BAYGn.DE Monsanto unit over chemical contamination at a Seattle-area school, marking the second big legal win for the company in as many weeks. Monsanto spinoff Pharmacia, which sold now-banned chemicals called polychlorinated biphenyls, was found liable in 2021. Three teachers claimed they suffered brain damage from PCBs that leaked from light fixtures at the Sky Valley Education Center in Monroe, Washington. On Wednesday, the state Court of Appeals agreed with Bayer that the lower court improperly applied the laws of Missouri, where Monsanto is based, which allowed the claims to be filed decades after the company stopped producing PCBs in 1977.
• The U.S. Department of Agriculture (USDA) said on Wednesday that all the ground beef samples sent to the National Veterinary Services Laboratories (NVSL) for PCR testing were negative for the H5N1 bird flu virus. USDA’s Food Safety and Inspection Service (FSIS) collected 30 samples of ground beef from retail outlets in the states with dairy cattle herds that had tested positive for H5N1 at the time of sample collection
CORN:
• Export Sales trade estimates for the week ending April 25; Corn: 26-51 mbu for 23/24; 0-12 for 24/25
• Ethanol grind: 987,000 barrels/day for week ending April 26, up 3.5% compared to last week and 1.1% vs. last year. Stocks were 25.488 mb, dn 0.245 mb from the prior week and close to the average trade estimate of a 0.236 decrease
• USDA Grain Crushings report: corn used in ethanol production in March pegged at 468.8 mbu (avg. trade est.—464.5; range 461.1-468.0)
• Consultant: Brazil 23/24 corn est. unchanged at 112.0, neutral bias. Most corn in #1 producing state of Mato Grosso is in generally good condition
• Funds bought 4 K—trade monitoring the weather forecast
SOYBEANS:
• Trade estimates for USDA Export Sales report (week ending April 25)
• Beans: 4-26 for 23/24; 0-7 for 24/25
• Meal: 150-350 for 23/24; 0-50 for 24/25
• Oil: (5)-10 for 23/24; na for 24/25
• USDA Fats and Oils report released on Wednesday: soybeans crushed in March pegged at 203.7 mbu (average trade estimate—205.6; range 204.0-207.3)
• soybean oil stocks on March 31 were 2.369 billion pounds (avg. trade est.—2315.0; range 2286.0-2350.0)
• Funds bought 4 K SB, sold 4 K SM, bot 2 K BO. May crush, -15.4 @ $.662/ bu
FINANCIALS:
U.S. stock futures are up on Thursday after Fed decided to keep interest rates unchanged
WALL STREET FUTURES - Firmer:
Dow, +131; S&P, +30.5; NAS, +146
Asia - Mostly weaker:
Nikkei, -0.1%; Shanghai, -0.26%;
Hang Seng, +2.5%
EUROPE - Mixed:
DAX, +0.01%; FTSE, +0.36%; CAC -0.78%
June Gold: $-4.7 @2,306
June CRUDE: +$0.5 @$79.50
Jun U.S. Dollar Index: +0.032 @105.628
