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MLK Day Holiday
The office of DFE and the commodity markets will be closed on Monday, January 18, in observance of MLK Day. The offices and shop at DFE are staffed M-F 7 AM - 4PM, but remain closed to the public. Please text or call as needed. Our number one priority has been and will always be the needs of our patrons. Thank you for your cooperation and understanding in these unprecedented times. DFE is working to do everything possible so as not to disrupt normal business activities. If you have a need to deliver grain to the elevator, please call the office ahead of time so that we can plan accordingly. We ask that anyone delivering grain remain in the cab of his/her delivery vehicle. Please direct grain communication of all kind to Joe Daniels at: (309) 963-4305; (309) 310-3319 (cell - call or text); joe@dfegrain.com. Be well! |
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Been Thinking...
"Agriculture is our wisest pursuit, because it will in the end contribute most to real wealth, good morals, and happiness." Thomas Jefferson DFE Cash Bids
Quotes are delayed, as of January 18, 2021, 01:51:57 PM 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. Jan 12 USDA WASDE Report
Outside Markets
Quotes are delayed, as of January 18, 2021, 01:51:57 PM CST or prior.
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Wednesday Morning Comments
8:25 AM Market Direction: Corn up 18; Beans flat. Grains and oilseeds continue the strength of Tuesday, particularly the corn which is trading well above Tuesday’s implied value. Yesterday’s limit-up move in corn means today offers expanded limits of 40c per bushel. Volume overnight was very heavy for corn and steady/firm for the other commodities. Today’s trade is still about sorting yesterday’s WASDE and Stock report which cut U.S. corn supplies sharply. Additionally, USDA reduced its annual corn export forecast in contrast with some analysts who still expect additional sales. Egypt’s GASC cancelled the Monday tender when only 4 offers were made. Argentina does appear to be lifting its export limit on corn after farmer sales strikes. T-storm Weather®: In Argentina, dry & cool weather affect a wide area through Thursday. Isolated to scattered thunderstorms follow Fri. south & Sat. central & north when a cool front passes through the region, producing 0.50"-1.50" totals. A dry period follows for 7 to 10 days. In Brazil, isolated thunderstorms continue in southern areas next several days, followed by better-organized rains Sat.-Sun. The market has moved into “resolve” mode to adjust to the tighter stocks and the increasing likelihood that acres alone cannot build back a large grain stocks scenario. Without yields above trend line, 2021/2 balance sheets will start tight. Buckle up! Ags exploded upward on stocks/yield revision. Equities looking for direction. Ready to see Covid and politics out of the news.
2020 Crop Insurance Prices
Corn - $3.88 Spring Beans - $9.17 Spring
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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 are delayed, as of January 18, 2021, 01:51:57 PM CST or prior.
Information gathered for this website is thought to be from reliable sources, but cannot be guaranteed as to its accuracy or completeness by DFE.
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