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 2024 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 Take Some Risk Off Heading into the Weekend
- Corn futures were feeling pressure on Friday, with losses of 3 to 8 cents, as the front months took the brunt of the hit. March still held the gains prior to the Friday session, up 5 ½ cents in the week. The national average Cash Corn price from cmdtyView was...
- Soybeans Fall on Friday
- Soybeans were to lower trade on Friday, with losses of 8 to 11 cents in most front months. Nearby March was up 7 ½ cents on the week despite the Friday pressure. CmdtyView’s national front month Cash Bean price was down 11 cents at $9.88 ¾. Soymeal futures were down...
- Hogs Posts Gains on Friday
- Lean hog futures closed with contracts up 20 to 60 cents on Friday, as February was up $3.07 on the week. The national average base hog negotiated price was reported at $83.17 on Friday afternoon, down $3.06 from the day prior. The CME Lean Hog Index was reported at $85.05...
- Wheat Closes the Week with Weakness
- The wheat complex posted losses on the Friday session. Chicago SRW futures were down 3 to 5 cents in the nearbys on the day, with March up 23 ¼ cents on the week. KC HRW futures were 2 to 4 cents lower in the front months, as March rallied 25...
- Cotton Heads into the Weekend on a Lower Note
- Cotton futures posted nearby losses of 40 to 41 points on Friday, with March down 25 points on the back and forth week. The outside markets were mixed factors, as crude oil futures were up $0.43/barrel. The US dollar index was adding the pressure, up $0.428 on the day. Commitment...
- Cattle Close Mixed on Friday
- Live cattle futures closed steady to 30 cents higher across the nearbys on Friday, with February down $3.825 this week. Cash trade was reported at $208 in the North, down $2-4 from last week. Southern sales are coming in at $206, down $2 from the week prior. Feeder cattle futures...
2/7/2025
Grains are in the red this morning during the pause; Financial markets mixed
- JCI reported China’s January crush down 14% from LY at 7.4 MMT and 8% below LM, in part due to the New Year’s holiday occurring earlier. Still, China’s 4-month crush total of 32.4 MMT is only ½ million higher TY, suggesting the USDA’s forecast for a 4 MMT annual increase could be on the high side. Yet, some say Tuesday might bring a 15-25 mbu increase in the USDA export forecast due to China re-stocking reserves but with C&F Brazil beans $1/bu below the U.S., the status quo might be more likely.
- The Korea Feed Association (KFA) in South Korea purchased an estimated 63,000 metric tons of animal feed corn to be sourced from the United States, South America or South Africa in a private deal on Thursday without issuing an international tender, European traders said on Friday.
- Russia is quickening the pace of domestic asset seizures this year after courts ruled last week that a leading grain trader, Moscow's sprawling Domodedovo airport and strategic warehouse assets be handed over to the state. Foreign companies have grappled with the risk of state seizure ever since Russia sent troops into Ukraine in February 2022, but Moscow, under the auspices of strategic stability and domestic security, has increasingly brought domestic assets too into the crosshairs. Grains trading house Rodnie Polya, Moscow's Domodedovo Airport and all 16 warehouses belonging to Russia's largest warehouse owner Raven Russia were all placed under state management on January 31, court documents showed and sources said.
- Global food commodity prices fell in January, led by sharp declines in sugar and vegetable oils, the Food and Agriculture Organization (FAO) said on Friday. The FAO Food Price Index, which tracks monthly changes in a basket of internationally traded food commodities, averaged 124.9 points in January against 127.0 in December. Despite the monthly decline, the index remained 6.2% higher than a year earlier but was still 22% below its March 2022 peak.
- Dry and hot weather will continue affecting much of Argentina into next week, with highs in the mid-90s to mid-100s. A cool front will pass next Mon.-Thu. to break heat and produce 0.50” to 1.50” rainfall, with lower amounts expected in southern Buenos Aires. Additional t-storms will bring another 0.50” to 1.50” to the northern areas one to two weeks out, but less so with southward extent. In the end, most corn and soybeans will stay drier than normal over the next 14 days, especially with southward extent through key areas. In Brazil, occasional t-storms will continue to produce near-normal precipitation of 2.00” to 4.00” in Goiás and Mato Grosso over the next two weeks.
CORN:
- BAGE Argentina corn production estimate is unchanged at 49 MMT
• 99.3% planted, vs. 98.7 last week, and vs. 99.5 last year
• excellent/good crop ratings: 25% vs. 28% last week & 31% last year - Soil moisture condition rated as optimal/adequate was up 6 p.p. this week at 63%, vs. last week’s 57%, and vs. 60% last year
- ATI Research: U.S. corn export sales notes
• 58.2 mbu—near the high end of the trade range (33-59) and well above the 22/week needed to reach the annual USDA forecast
• Japan (19.4 mbu) was the main destination, follow by Mexico (16.8)
• unshipped sales: 885 mbu as of Jan. 30, vs. 703 last year (+28%) - The Funds bought 4 K, 2-sided trade w/USTR appointee raising PRC hopes
SOYBEANS:
- BAGE Argentina soybean production est. is unchanged at 49.6 MMT
• excellent/good crop ratings: 17% vs. 20% last week & 31% last year
• 6.3% is filling pods, vs. 3.6% last year, vs. the 5-year average of 7.8% - ATI Research: U.S. soybean and soybean product export sales notes:
• bean sales: 14.2 mbu, near the low end of the trade range (11-40 )
-China bought 7.7 mbu; Netherlands, 4.6; Egypt, 4.0; Mexico, 2.3
-outstanding sales are 326.1 mbu, vs. 349.2 last year (-6.6%)
• SBM: a marketing year high of 530.6 K MT vs. trade range of 200-500
• SBO: 2.2 k MT. vs. 12.5 last week, vs. trade range of (15) - 30 - Funds bought 2 K SB, 3 BO, sold 3 SM. March Crush, -$.04 @ $1.13
MACRO:
- BLS payrolls expected to reflect a 169K increase in January.
- Wall Street Futures - Mixed: Dow, +21; S&P, -2.25; NAS, -20
- Asia - Mixed: Nikkei, -0.72%; Shanghai, +1.01%; Hang Seng, +1.16%
- EUROPE - Mixed: DAX, +0.08; FTSE, -0.37%; CAC +0.18%
- April Gold: +14.6 @$2,891 March CRUDE: +$0.36 @$70.97 Mar U.S. Dollar Index: +0.108 @107.547