News & Announcements

The Board of Danvers Farmers Elevator has approved a concrete project to improve our inbound and outound scale lanes.  As a result, there are a couple of announcements regarding grain handling that will be required to prepare for our fiscal year end on July 31 and in advance of the work in August:

DFE will stop receiving grain on Tuesday, July 27, 2021 at 4:00 PM.

DFE will stop transacting grain business on Friday, July 30, 2021 at 1:30 PM.

The offices of DFE and United Prairie remain open to the public.  For full disclosure, employees in the office and in the field are not wearing masks, whether fully vaccinated or not.  Please use your own judgment in wearing one as you visit the office.  If you have been exposed to persons who are Covid positive, please remain quarantined per current CDC guidelines.  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 July 31, 2021, 10:17:38 AM 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 July 31, 2021, 10:17:38 AM CDT or prior.
Friday Morning Commentary

8:05 Market Direction:  Corn down 5-7, Beans down 15.

Grains and oilseeds are generally weaker to start Friday, the last trading day of the month. Volume has been average, thus far.

August soy-complex deliveries were limited with zero soybean deliveries, 6 soymeal and 1 soyoil issued. Overnight tenders were quiet with Pakistan’s state agency buying 220 kmt wheat.

AgRural reduced their Brazilian corn production again to 82.2 mmt, a new low among analysts.

Soybean cash remains above delivery value for FH August but is just below for LH. The lack of deliveries has helped Q/X to firm after weakening yesterday. Most processors are bid vs. the Nov and took yesterday’s spread decline.

Why may we be down today?  China cancelled a fair amount of old crop corn purchases yesterday, 4.7 mbu and Unknown, 2.8. While new crop bean sales were ok at 11.5 (trade: 7-15), noted last year, the U.S. had sales of 123 million. Old/new crop O/S SB down 39%. 

Forward corn belt weather is still decent with cooling across a large area.

Look for a potentially mixed day with mid-day weather and any China news giving direction.

Markets continue to trade weather/conditions.

So Am crop loss continues, analysts drop expectations.

China cancelled some old crop sales yesterday.

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 July 31, 2021, 10:17:38 AM 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