OFFICE NOTES

Office Hours have returned to normal:  M-F 7:00AM - 4:00 PM

The offices and shop at DFE are one again closed until further notice.  We had relaxed this policy for the last couple of months, but see that it is necessary once again to be sure that we're able to serve your harvest needs and receive grain to the best of our abilities as always expected.  

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!

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 November 29, 2020, 01:28:06 AM CST
All grain prices are subject to change at any time.
Cash bids are based on 10-minute delayed futures prices, unless otherwise noted.
Nov 10 USDA Report

Outside Markets
Quotes retrieved on November 29, 2020, 01:28:06 AM CST
Tuesday Morning Comments

9:10 Market Direction:  Corn down 7; Beans down 14.

Grains and oilseeds are turning around on this Tuesday with everything lower to start. Volume has been solid thus far.

Some talk of China arbing out of purchases on soybeans continues and is a bit negative to prices.

Portions of Brazil and Argentina remain overly dry, underpinning any weakness.

Turkey tendered for corn and barley with no results yet while a SoKor group tendered for U.S. milling wheat. Winter wheat ratings declined yesterday surprising the market though not enough to firm wheat at this point.

Deferred coverage (AMJJ) still appears lacking in the IWDS. That makes March futures at risk.

Upper-level high pressure suppress rainfall across much of Brazil over the next 10 days, except far south. A cool front shifts north-ward in 10-14 days & triggers some thunderstorms, but we are not forecasting heavy rain at that time. In Argentina, several heavy thunderstorm clusters focus this week on the northern edge of the growing belt. Some rain also occurs further south at times, but only near- or below-normal amounts are likely for most early-corn & soybeans over the next two weeks.

Look for a mixed day today with mid-day SA forecasts still watched closely.

President Trump signals start of transition to President-Elect Biden?

COVID surge overshadows vaccine development news.

Dryness still an issue in So Am.

 

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 November 29, 2020, 01:28:06 AM 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.


The CME Group Intercontinental Exchange