OFFICE HOURS & ANNOUNCEMENTS

Effective April 1, 2021, the offices and shop at are once again open to the public.  Please wear a mask to visit if you feel inclined to do so, but we are not wearing them in the office.

Please feel free to visit the office to conduct business or to meet the new staff members on both the United Prairie and DFE operations.

Thank you for  your patience and cooperation while working through an unprecedented set of circumstances during the Covid-19 pandemic.

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 are delayed, as of June 19, 2021, 01:26:21 PM CDT 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.
March 31 USDA Prospective Plantings

Outside Markets
Quotes are delayed, as of June 19, 2021, 01:26:21 PM CDT or prior.
Friday Morning Commentary

8:05 AM Market:  Corn up 13/19; Beans up 56/51.

Grains and oilseeds are up sharply to start Friday’s trade on heavy volume. Despite the intraday rally, corn and soy have recovered less than half of Thursday’s losses.

Thursday was a perfect storm bloodbath in the markets with improved weather forecasts, actual rain in Western IA/MN, China interest potentially waning and reports of a commercial getting stopped out of long veg oil positions.

Things that make you go hmmmm….China’s soybean crush fell 3 ½% (70 K MT) LW to 1.95 million MT and the total was 5% less than the year ago level. Downtime and slowing meal demand were contributing factors according to CNGOIC.

The corn and soy complex has a CME margin increase, unusual on lower markets.

China sold imported Ukrainian corn at state auction on Friday. The quantity was not large overall but was 100% subscribed. China is also subsidizing producers to purchase inputs for next year’s crops in continued efforts to control food inflation.

Overnight global tenders were active, not a surprise after the sharply lower trading day. Philippines bought 150 kmt wheat. Iran’s GTC bought just under 200 kmt milling wheat. SoKor’s FLC bought 65 kmt corn, KFA bought 60 kmt corn, and MFG bought 136 kmt.

Isolated showers are forecast through Saturday across western areas of the U.S. Midwest, followed by scattered rain on Sunday/Monday. Above normal temperatures are projected through Saturday, followed by near to above normal readings on Sunday and near to below normal on Monday.  Scattered showers are forecast today through Monday for eastern areas of the Midwest. Temperatures are projected to be above normal today through Sunday, followed by near to above normal readings on Monday.

Look for volatility today with weather the ultimate driver of direction.

Remember expanded limits are in play for both corn and the soy complex.

Markets attempt recovery after yesterday's deep dive.

Weather relief and China's waning demand the buzz.

Corn inside 30day range; beans look for non-red trade.

 

2021 Crop Insurance Prices

Corn - $4.58 Spring    

Beans - $11.87 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 are delayed, as of June 19, 2021, 01:26:21 PM CDT 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.


The CME Group Intercontinental Exchange