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 July 09, 2020, 02:57:08 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 July 09, 2020, 02:57:08 AM CDT
Wednesday Morning Comments

8:35 AM Market Direction:  Corn flat and beans down 2.

Grains and oilseeds start Wednesday mixed with fall crops lower and wheat mostly firmer. Volume was relatively light compared to recent sessions.

We’re currently in a weather market with late forecasts yesterday showing some cooling to help ease forward concerns. But, dry areas will need a recharge soon to sustain current good to excellent crop ratings.

T-storm Weather®: a cool front triggers scattered thunderstorms tonight & Thursday, with 0.50”-1.00” totals in the western Corn Belt (IA, KS, MN, MO, NE). However, the front moves into a much less favorable environment for thunderstorms on Fri. to limit totals to 0.25”-0.75” in the eastern Corn Belt (IL, IN, MI, OH). Very warm and hot weather continue for corn and soybeans through Thursday, followed by a several-day break as a cool front returns temperatures to normal levels for the first time in 15 days

Hmmm? The USDA attache in China expects the country’s 20-21 soybean imports to total 91 MMT; that’s 3 million LESS than the WASDE forecast for 19-20 and 5 BELOW the latter’s 20-21

Look for another choppy day with focus on mid-day weather models to set the later day tone.

Market struggle and look to be range-bound.

China bean exports being scrutinized again.

Weather concerns remain the big story.

 

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 July 09, 2020, 02:57:08 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