While volatility persists in all market sectors, there will be times that DFE will be taking protection in our bids and/or going no-bid for the protection of our owners.
We ask that customers please call to make grain transactions during active trading hours on the Chicago Board of Trade when DFE is open for business,
Monday through Friday from 7:00 am to 1:20 pm.
Outside of the times listed above, we're happy to work firm offers for grain marketing needs.
Please work with DFE staff for all of your grain marketing needs. We appreciate your loyalty!
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Danvers location only Cash Bids
| Delivery Start | Delivery End | Cash Price | Basis | Futures Price | Futures Change |
|---|---|---|---|---|---|
| Corn | |||||
| Soybeans |
Quotes are delayed, as of October 15, 2024, 01:15:26 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.
All grain prices are subject to change at any time.
Cash bids are based on 10-minute delayed futures prices, unless otherwise noted.
Ag Commentary
- Cattle Weaker on Tuesday
- Live cattle futures are posting $1 to $1.20 losses so far on Tuesday. There were no deliveries issued against October futures on Monday, with the 10 from Friday retendered. Cash sales were reported in the north at $187-188 last week, even to $1 higher vs. last week. Southern sales hit...
- Soybeans Pull Off Lows Following NOPA Release
- Soybeans are getting a midday bounce, with contracts off the lows but still down 5 to 9 cents. CmdtyView’s national front month Cash Bean price was down 5 1/2 cents at $9.29 ¼. Soymeal futures are down $3.80/ton on the day. Soy Oil contracts are up 66 points on the...
- Wheat Showing Midday Losses
- The wheat complex is posting another round of losses across the three exchanges on Tuesday. Chicago SRW futures are down 5 to 7 cents on the day. KC HRW contracts re 6 to 7 cents lower. MPLS spring wheat is falling another 7 to 9 cents. A private export sale...
- Corn Losses Continue at Tuesday’s Midday
- Corn futures are trading the Tuesday session with losses of 5 to 6 cents. The national average Cash Corn price from cmdtyView is down 5 1/2 cents at $3.70 per bu. The average close for December corn futures, which indicates the fall crop insurance price, so far this month is...
- Cotton Weakness at Tuesday’s Midday
- Cotton futures are trading with Tuesday losses of 23 to 38 points at midday. The outside markets are mixed with the crude oil a pressure factor, down $3.34/barrel and the US dollar index 47 points lower. The Seam reported 862 bales of online sales on October 11 at an average...
- Hogs Mixed on Tuesday
- Lean hog futures are trading with December down a tick and other contracts slightly higher. The national average base hog price was not reported on Tuesday morning, with the 5-day rolling average at $75.52. The CME Lean Hog Index was reported at $84.16 on October 11, down 13 cents from...
Local Weather
Daily Market news
10/15/24 Commentary:
- Grain markets are weaker overnight, but wheat and corn are off the lows.
- Mexican rail consortium Ferromex and U.S. railroad company Union Pacific Corp said they have stopped issuing permits for some grain rail shipments moving through Eagle Pass, Texas, after a recent train derailment in Mexico closed the track. The halt is a temporary measure until rail traffic gets cleared after the track reopened, Ferromex told Reuters in a statement Monday, adding that total volume of grain movement between Union Pacific and Ferromex will not be affected.
- Brazil exported 2.5 million metric tons of corn the 2nd week of October which was 30%/1.1 million metric tons below last October’s total. Implied exports for the month are on track to come in at 5.9 million metric tons, 2.5 million below last year. July-Sep shipments are already down 6.2 million tonnes and this would put the estimated July-Oct total 9.7 million metric tons behind. SB shipments were 600 K below LY this week; the implied July-Oct total is estimated to be off 7.6 million metric tons/26% year to year.
CORN:
- Crop Progress report preview
- corn mature on avg. increases ~8% from Oct. 6-Oct. 13. USDA est. mature at 87% on Oct. 6, while five-year avg. on Oct. 13 is ~95%.
- U.S. corn harvested on average increases ~12% from Oct. 6-Oct. 13. The USDA pegged nationwide harvest a t 30% on Oct. 6 this year, while the five-year average on Oct. 13 is ~39%.
- CONAB: crop report at 7:00 am CST; first estimates for 24/25. Preliminary estimates for corn production & exports were at 119.78 million metric tons & 34 million metric tons,.
- Export inspections at 10 am CST. Corn—44.4 needed; 36.7 last week. Milo—2.1 needed; 0.11 last week
- Fund selling Monday estimated at 17,500 on good weekend progress
SOYBEANS:
- USDA Crop Progress report review
- soybeans dropping leaves on avg. increase ~7% from Oct. 6-Oct.13. Progress was 90% on Oct. 6, & the 5-year avg. on Oct. 13 is ~92%
- soybeans harvested on average increased ~17% from Oct. 6-Oct. 13. The USDA pegged nationwide harvest at 47% on Oct. 3 this year, while the five-year average on Oct. 13 is ~51%
- CONAB: 1st crop report for 24/25 at 7:00 am CST. Preliminary estimates from Sep. 17 for soybean production and exports were at 166.3 million metric tons & 104.8
- Export inspections at 10 am CST. Beans—36.0 needed; 52.6 last week.
- Funds: sold 8.5 K SB, 6.5 BO and bot 4 SM. Dec crush: $1.60, -$.04
FINANCIALS:
The major equity indices are slightly weaker-Mideast tensions.
WALL STREET FUTURES - Weaker:
Dow, -22; S&P, -3.5; NAS, -27
Asia - Weaker:
Nikkei, -0.8%; Shanghai, +2.53%;
Hang Seng, -2.52%
EUROPE - Mixed:
DAX, +0.25%; FTSE, -0.43%; CAC +0.8%
December Gold: +$6.5 @2,672
November CRUDE: $-3.69 @$70.14
Dec U.S. Dollar Index: -0.212 @103.082
