Operations Updates (7/6)

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.

The offices and shop at DFE remain closed until further notice.  

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!

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
Notes Delivery Start Delivery End Cash Price Price Change Basis
Corn
Soybeans

Quotes retrieved on August 09, 2020, 12:26:52 AM CDT
All grain prices are subject to change at any time.
Cash bids are based on 10-minute delayed futures prices, unless otherwise noted.
June Stocks & Acreage USDA Report

Outside Markets
Quotes retrieved on August 09, 2020, 12:26:52 AM CDT
Thursday Morning Comments

7:45 Market Direction:  Corn flat; Beans up 1-3.

Slow price erosion pattern in grains continues Thursday with fresh news difficult to find.

Weather turns a little more summer like this weekend with temp warm-up.

T-storm Weather®: unusual coolness breaks from west to east through Sat. across U.S. Corn Belt & does not return as highs in the 80s-90s & lows in the 60s-70s dominate over the 10 days that follow. Minor showers & isolated thunderstorms accompany the warm-up through Fri. (scattered 0.10”-0.50” totals). An organized thunderstorm cluster or two then form Sat.-Sun. within parts of the Dakotas & northwest two-thirds of Corn Belt, aiding some corn & soybeans with 0.50”-1.00” (esp. in/near MN & Dakotas).

China’s soybean cargo purchases through Wednesday have surpassed 30 cargoes, the highest weekly level in 3 weeks. Of the 30-35 cargos traded—20-25 were from Brazil and for new crop between Jan-July 2021.

Optimism is growing in Washington (that term has probably never been said with a straight face) that the stimulus bill is getting close to completion.  Jobless claims will be the focus this morning.

Covid vaccine progress being made with Novavax data now said to be very positive.

Gold/silver continue to rally.

Not much to move the dial today– spread trade the most dynamic.

Grains were lower overnight, slide continues?

Covid struggles continue; JB warns of state intervention.

Cool weather transitions to heat this weekend.

 

2020 Crop Insurance Prices

Corn - $3.88 Spring    

Beans - $9.17 Spring    

 

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 retrieved on August 09, 2020, 12:26:52 AM 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.


The CME Group Intercontinental Exchange