Operations Updates (10/23)

10/23: Closed at 4pm due to weather.

10/24: Open 7am to 8pm (weather permitting)

10/25: Open 1pm to 5pm (weather permitting)

 

Harvest Hours:  7:00 AM - 8:00 PM (Weather Permitting)

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 October 24, 2020, 03:27:21 PM CDT
All grain prices are subject to change at any time.
Cash bids are based on 10-minute delayed futures prices, unless otherwise noted.
Oct 9 USDA Report

Outside Markets
Quotes retrieved on October 24, 2020, 03:27:21 PM CDT
Tuesday Morning Comments

7:50 AM (halt) Market Direction:  Corn unc, Beans up 7.  

Grains and oilseeds begin the day firmer though volume has been relatively light.

Yesterday’s export flashes helped corn bump and continue thoughts of weakening Ukraine production are drivers as well. Algeria bought corn overnight and tendered mid-day yesterday for additional wheat after buying a large quantity just last week. SoKor’s MFG bought 130 kmt wheat, likely U.S. in origin.

Spreads are relatively steady overnight though basis in many markets for both corn and soy remains difficult to get covered with logistics (transportation and elevation capacity) driving the issue more than available producer selling.

T-storm Weather®: The central U.S. remains divided by unusual coldness northwest and unseasonable mildness southeast over the next 10 days, leaving the northwest two-thirds much colder than normal with highs in the 30s-40s-50s and lows in the 10s-20s-30s, which is -10°F to -20°F from normal. Areas of rain and thunderstorms form every 12 to 24 hours in the Corn Belt until the sharp temperature gradient weakens next Tue.-Wed., producing 1.25” to 2.50” in corn, soybean, and SRW wheat areas.

Heard this one before . . . Pelosi and Mnuchin work towards a stimulus agreement, futures higher.

Look for a firm day as the market continues to struggle to create the necessary movement to satisfy cash markets.

Markets still looking for second stimulus package.

Weather divides the states in the 7-10.

Central IL corn harvest in full swing.

 

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 October 24, 2020, 03:27:21 PM 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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