Operations Updates (9/15)

The offices and shop at DFE are one again closed until further notice.  We had relaxed this policy for the last couple of months, but see that it is necessary once again to be sure that we're able to serve your harvest needs and receive grain to the best of our abilities as always expected.  

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.

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 September 20, 2020, 06:05:58 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.
Sep Crop Production WASDE Report

Outside Markets
Quotes retrieved on September 20, 2020, 06:05:58 AM CDT
Wednesday Morning Comments

8:45 AM Market Direction:  Corn up 2, Beans up 12.  

Grains and oilseeds start Wednesday mixed again with soybeans and HRS firmer while corn and the winter wheats trade weaker. Volume was solid compared to the previous night.

Egypt’s GASC tendered for wheat post close yesterday. The cheapest FOB offer to them is Polish wheat, though freight charges likely result in Russian wheat winning again. Taiwan’s MFIG bought Brazilian corn for ~FH Dec delivery.

A Ukrainian analyst group said winter grain planting conditions are the worst in the last 10 years as the summer drought lingers.

Thus far fall crop calendar spreads have been steady.

Soybeans saw weakness yesterday with CIF beans breaking Monday afternoon, though values are still right at DVE for Nov/Dec.

Harvest progress is still slow in the Central Belt but expected to pick up this week.

T-storm Weather®: for most of the central U.S., seasonable to mild & dry weather dominate the next two weeks as low humidity prevents passing cold fronts from developing substantial rain. Instead, a wide area will be drier to much-drier than normal over the peri-od, allowing corn / soybean harvesting and winter wheat planting to accelerate into late-month. Daytime temps will be slightly limited by a smoky haze from western wildfires until a cold front temporarily sweeps the air mass away Wed.-Thu.

Equity markets are higher as they await outcome of Fed meeting later today and a huge software IPO backed by Berkshire Hathaway.

Look for a mixed day balancing cash markets and harvest progress.

Market turns around after red day Tuesday?

Mainly dry and seasonable to mild weather forecast.

Central IL harvest still a couple weeks away?

 

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 September 20, 2020, 06:05:58 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.


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