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!
|Delivery Start||Delivery End||Cash Price||Basis||Futures Price||Futures Change|
All grain prices are subject to change at any time.
Cash bids are based on 10-minute delayed futures prices, unless otherwise noted.
- Triple Digit Rebound for Cattle Market
- Live cattle futures were back up by 0.8% to 1.2% on Thursday. The Dec contract was up $2.25 for the day, limiting the week’s pullback to 92 cents. USDA confirmed Thursday cash sales from $183 to $185, reporting the bulk of Southern trade near $183 and Northern trade near $184....
- Cotton Extends the Rally through Thursday
- Cotton futures finished the Thursday session with 30 to 50 point gains across the front months. That has December at a net 280 point gain for the week. Dec settled over a penny off the session high on Thursday, which at 89.9 cents was just 10 points from the high...
- KC Wheat Leads Price Decline Again
- Wheat trade pushed lower again on Thursday, again led by the KC market. HRW futures were down by 1.2% across the front months, leaving Dec at a net 26 cent loss for the week and at new lows for the move. Spring wheat futures also posted new lows for the...
- Hogs Add Premium Ahead of USDA Quarterly Report
- The front month futures were up triple digits, including a 3.8% rally for the Dec contract on Thursday, heading into the NASS Hogs and Pigs report. USDA’s National Average Base Hog price for Thursday afternoon was $74.76, down by $1.86. The ECB quote was $73.61, compared to $75.55 for the...
- Nickel Gain for Corn Futures
- The Thursday session ended with nickel gains in corn after a an 8 ¼ cent range. December futures are now up 11 cents for the week’s move, with Friday (and its USDA Grain Stocks report) to go. Barchart’s cash data shows the ECB basis has fallen from -20c at the...
- Soybeans Close Lower on a Wide Ranged Thursday
- Front month bean prices settled 2 ¾ to 4 ¼ cents lower on Thursday. Nov futures saw a wide 20 cent range and closed 13 ½ cents off the session low. Barchart data showed basis was -68c in the WCB and -61c in the ECB. That is a 24c wider...
- Grain futures are floating sideways looking for the report on Friday. Soybean spreads into contract lows.
- China’s weekly soybean crush rises 5+% to 2.15 million metric tons according to CNGOIC. YTD crush for 22-23 is record large at over 94 million metric tons and suggests the USDA will have to boost its forecast by 1 to 2 million. The USDA expects another increase in pork consumption for 23-24, coming off a sizable 11% gain for 2022.
- A large domestic corn crop and surging imports from Brazil are set to flood the Chinese market in coming weeks, reducing demand for other grains and pressuring global corn prices already near three-year lows, analysts and traders expect. The world's No. 2 corn producer has begun its harvest, with output likely to surpass last year's total, even after the summer's typhoons damaged crops in some northern provinces. A drop in prices will exert pressure on U.S. farmers but benefit Chinese livestock farmers who feed corn to the world's biggest herd of pigs and have been losing money for most of this year. China's agriculture ministry has forecast a record 285 million metric tons for the 2023/24 crop year, up 2.9% on last year's 277 million tons. Shanghai JC Intelligence Co Ltd estimates production of 269.5 million tons while United States brokerage StoneX projects around 280 million tons.
- Export Sales: trade est. for corn is 19-47 million bu. for week ending Sept. 21
- Ethanol grind: 1,009,000 barrels/day for week ending Sept. 21, up 3.0% compared to last week and up 18.0% versus last year. Stocks were 22.048 mb, up 0.367 mb from the prior week and sharply above the average trade estimate of a 0.202 decrease
- ATI Research: U.S. corn mature, harvested progress update
- corn mature on average increases ~15% from Sept. 24-Oct. 1; the five-year average for Oct. 1 is ~75%
- corn harvested on average increases ~8% from Sept. 24-Oct. 1; the five-year average for Oct. 1 is ~21%
- The funds bought 3 K, short-covering and higher crude
- Export Sales trade est. for week ending Sept. 21
- Beans: 18-44 for 23/24;
- Meal: (200)-100 K MT for 22/23; 225-550 for 23/24;
- Oil: (10)-10 K MT for 22/23; 0-10 for 23/24
- China soybean export lineup is 339 million bu., which is 225 million bu. larger than a year ago at this time. China’s soybean meal lineup is 2.35 million metric tons and is up 50% compared to last year’s same week total of 1.57 million metric tons
- ATI Research: U.S. soybeans harvested are at ~22% on average for the week ending Oct. 1
- Funds bot 2 SB, 4 BO, sold 4 SM. Oct crush, -$.01 @ $2.11/bu
Futures higher; interest rate fears may limit gains, again.
WALL STREET FUTURES - Mixed:
Dow, +44; S&P, +6.25; NAS, -2
ASIA - Firmer:
Nikkei, +0.18%; Shanghai, +0.16%;
Hang Seng, +0.83%
EUROPE - Weaker:
DAX, -0.25%; FTSE, -0.43%; CAC -0.03%
December Gold: +$1.4 @1,892
September Crude: $-0.44 @$93.24
Dec U.S. Dollar Index: -0.271 @106.366