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 April 25, 2024, 02:08:17 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.

Local Weather
Forecast



Ag Commentary
Soybeans Falter to Weakness on Wednesday
Soybeans faded the earlier morning strength, as contracts were mixed but well off the highs. Futures closed with contracts anywhere from down 1 ½ to up a penny. Soymeal posted some strength on the day, with contracts 80 cents to $3.70/ton higher. Soy Oil was back down to close with...
Hogs Close Mostly Lower, USDA Shows Slight Build to Pork Stocks
Lean hogs closed the midweek session with contracts a dime to $1.22 lower, as August was the lone exception, up a nickel. USDA’s National Average Base Hog negotiated price was down 36 cents on Wednesday afternoon, at $91.49. The CME Lean Hog Index was up 14 cents on April 22...
Cotton Posts Midweek Losses
Cotton futures were down anywhere from 39 to 187 points on Wednesday. The outside market influences put pressure on the market, with crude oil down 54 cents/barrel and the UD dollar index up 160 points. Export Sales data will be released on Thursday morning. ICE certified cotton stocks were up...
Cattle Back to Retreat Mode on H5N1 Virus News
Live cattle ended the day with weakness, as contracts were down $1.20 to $2.12 on Wednesday. This morning’s Fed Cattle Exchange auction saw no sales on the 894 head listed, with bids of $181 and asks of $184. A few cash sales in the South popped up today at $182,...
Wheat Extending Bull Run
The wheat complex is continuing to lead the grains bull charge this week. Kansas City futures were up 10 ¾ to 16 ¾ cents on the session. Chicago contracts were up 9 ½ to 12 cents at the close. Spring wheat futures were 9 ¼ to 13 ¼ cents higher...
Corn Closes Red Following Drop to Ethanol Production
Corn futures extended the front month losses into the close, as contracts through Dec were down 2 to 5 ¼ cents. For 2025 contracts and beyond, trade closed with contracts with in 1 ¾ cents on either side of unchanged. EIA’s weekly petroleum report tallied ethanol production at 954,000 barrels...

Daily Market news

4/23/24 Commentary:

  • Grain markets are trying to extend their rally; the wheat market is leading the way again.

 

  • According to Chinese Customs (GACC), soybean imports totaled 5.54 million metric tons in March (-19% YoY), with a record of nearly 3 million metric tons from Brazil (+81% YoY) and a 55% cut in imports from the U.S. YoY (at 2.18 million metric tons). Considering a combined 50 million bu. of unshipped soybean sales to China and unknown destinations, and after the USDA yesterday showed 8 million bu. in export inspections to China, it appears unlikely that the U.S. will continue to export more than ~20 million bu. to the country for the remainder of 23-24.

 

  • USDA weekly crop progress report showed 50% of U.S. winter wheat crop in good-to-excellent condition, short of the average analyst estimates polled by Reuters by 4 percentage points. The ratings are still the highest for this time of year since 2020, though the surprising reduction may increase concerns about dry weather in the southern Plains. Corn, soy and spring wheat plantings were in line with analyst estimates.

 

  • Ukraine grain exports might total 6-7 million metric tons in April despite Russian attacks on Ukrainian port infrastructure on the Black Sea, industry source told Reuters. Russia has recently stepped-up attacks on Ukrainian seaports, damaging grain storage facilities in the Port Pivdennyi in Odesa region last week. Local media reported one of the strikes may have damaged railway tracks to the port of Chornomorsk cargo terminals in the region.

 

  • Bayer confirmed its full-year forecast for earnings and cash flow on Monday despite slow business at its crop science and consumer health divisions. "Our Crop Science and Consumer Health divisions expect a slow start to the year due to market dynamics, but we feel confident in our full-year targets and the direction of our businesses," CEO Bill Anderson said in his speech for the April 26 annual general meeting (AGM), which was posted on the company's website on Monday.

 

  • Brazil's government said on Monday that four additional poultry plants have been cleared to sell halal products to Malaysia, a move it hopes will allow exports to the Asian country to double when compared to last year's levels. The South American country, the world's largest exporter of chicken meat, sold 13,600 metric tons of halal chicken to Malaysia in 2023, which was worth some $20 million, according to government data.

CORN:

  • ATI Research: 23/24 U.S. corn ending stocks est. at 2.078 billion Bu., which is unchanged compared to last week (USDA: 2.122)
  • USDA Crop Progress report
    • corn planting: 12% vs. 6% last week, 12% last year & the 10% avg.
    • corn emerged: 3% compared to 2% last years & the 2% avg.
    • sorghum planting: 17% vs. 14% last week, 17% last year & 18% avg.
  • Dry weather forecast for next 10-14 days for ~70% of safrinha corn in Brazil as dry season starts; slightly to moderately warmer than normal temps
  • Dry weather also occurs over the next two weeks across the heart of Argentina’s corn producing areas, allowing harvest to continue
  • Funds bought 12 K—Russia and Ukraine conflict escalating

 

SOYBEANS:

  • ATI Research: 23/24 U.S. bean ending stocks est. at 0.375 billion Bu.—unchanged compared to last week (USDA: 0.340)
  • U.S. soybean planting: 8% versus 3% last week, 8% last year & 4%R avg.
  • Consultant: Brazil soybean production est. at 147.0 million metric tons, which is unchanged compared to last week; neutral to slightly higher bias
  • Above to much above normal rain is forecast in Rio Grande do Sul in Brazil the next two weeks; harvest at ~50%, but may slow & quality concerns rise
  • Dry weather occurs over the next two weeks across the heart of Argentina’s soybean producing areas, allowing harvest to continue
  • Funds bought 8 SB, 2 SM, 5 BO. May crush, +1.5 @ $.934/ bu

 

FINANCIALS:

U.S. stock futures rise as the S&P ends a 6-day losing run; European stocks are also higher

WALL STREET FUTURES - Firmer:

Dow, +74; S&P, +12; NAS, +53

Asia - Mixed:

Nikkei, +0.3%; Shanghai, -0.74%;

Hang Seng, +1.92%

EUROPE - Firmer:

DAX, +0.9%; FTSE, +0.48%; CAC +0.51%

June Gold: $-33.1 @2,313

June CRUDE: $-0.12 @$81.78

Jun U.S. Dollar Index: +0.047 @105.913

 


The CME Group Intercontinental Exchange