News Announcements
Ludlow Coop is Offering Free Delayed Pricing on Corn & Soybean Deliveries
CORN deliveries beginning 1-14-26 are eligible for:
Delayed Pricing – FREE moisture averaged by farm ID (within a 30 day delivery period) and shrunk to 15.0% FREE DP is until 2:00 p.m. on 8-31-26, new 2026 crop rates will go into effect at that time.
CORN deliveries beginning 1-14-26 are eligible for:
Open Storage – moisture averaged by farm ID (within a 30 day delivery period) and shrunk to 14.0% charges of NO drop charge and .0012 cent per bushel per day (3.5 cents per month) thru 8-31-26, new 2026 crop rates will go into effect at that time.
BEAN deliveries beginning 1-14-26 are eligible for:
Delayed Pricing – FREE NO MOISTURE AVERAGING (within a 30 day delivery period) and shrunk to 13.0% FREE DP is until 2:00 p.m. on 8-31-26, new 2026 crop rates will go into effect at that time.
BEAN deliveries beginning 1-14-26 are eligible for:
Open Storage – NO MOISTURE AVERAGING (within a 30 day delivery period) and shrunk to 13.0% charges of NO drop charge and .0012 cent per bushel per day (3.5 cents per month) thru 8-31-26, new 2026 crop rates will go into effect at that time.
SPACE AS AVAILABLE FOR CORN & BEANS
Time to Begin Marketing for the 2026 Crop Year with the Average Pricing Program
Why Choose the Average Pricing Program?
- Build a solid base for your 2026 crop marketing plan.
- Capture seasonal highs: Historically, January through June offers the strongest pricing opportunities.
- Flexibility: Commit only 20–35% of an average crop, leaving room for additional marketing.
- Take the emotion out of pricing—a great option for landlords.
- No enrollment cost.
- Extended marketing window: Sell ahead instead of after harvest (19 months vs. 9 months).
Ludlow Coop’s Average Pricing Program
Set Weeks: February 11 – June 24, 2026
- Weekly pricing every Wednesday at noon.
- 20 weeks total; final price is the average of all weekly pricings.
- Based on December (CZ26) corn futures and November (SX26) bean futures.
- Contracts are for Fall 2026 delivery.
- Sign-up deadline: Tuesday, February 10, 2026. Contract must be signed and received before start date.
Patron’s Choice Average Pricing Contract
Your Choice of Consecutive Weeks
- Weekly pricing every Wednesday at noon.
- Choose any consecutive weeks between January 14 – August 26, 2026.
- Based on CZ26 corn futures and SX26 bean futures.
- Contracts are for Fall 2026 delivery.
Ready to Enroll?
Contact your settlement location with:
- Number of bushels
- Chosen dates (for Patron’s Choice)
- Delivery location
Ludlow Coop Offices:
- Buckley: (217) 394-2331
- Danforth: (815) 269-2390
- Ludlow: (217) 396-4111
- Piper City: (815) 707-3347
- Goodwine: (815) 457-2880
2025-2026 Board Members Elected
This is the list of the newly elected board members who will be serving for the 2025/2026 fiscal year.
Roger Gustafson (Paxton) – President
Kenny During (Rantoul)– Vice President
Robert Schmid (Buckley)– Secretary
Cory Roelfs (Rantoul)– Treasurer
Steve Glazik (Paxton)
Dan Kief (Loda)
Jeff McGehee (Onarga)
Brent Neukomm (Cissna Park)
Jim Niewold (Loda)
Mike Otto (Buckley)
Pat Quinlan (Ludlow)
2025-2026 Drying and Storage Rates
We have posted the current rates for drying and storage grain on our website.
Please visit our Crop Policy Service Rates page for Corn and Soybeans to plan for your storage and drying needs for this harvest season.
Please call the office if you have questions: 217-396-4111
The Grainery Newsletters
6/8/26 MIDCO AFTERNOON COMMENTS
6/8/26 MIDCO MORNING COMMENTS 0 CommentsComment on Facebook
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🌽 Corn Market Update
Corn futures closed mixed to start the week on Monday, seeing a morning bounce after falling to new contract lows again first in the overnight hours, signaling perhaps that the managed money exodus seen during the last several days has potentially run its course. While mechanically its the fund selling that has produced the price action seen the last week or two, its also a matter of improving rainfall across a lot of the Midwest and a continually increasing crop size in Argentina that has given the market headwinds of late and helped to limit the upside. There's a lot of growing season left in the US, but the way seed genetics have been the last couple years, a 2-4" rain the second week of June would do a lot of producers a lot of good in terms of getting the crop to the July pollination period. Stand questions due to a cool/wet April will remain a question, but there has been little else this growing season that would justify much below trend yields to this point.
🌱 Soybean Market Update
Soybean futures closed lower on Monday for the seventh straight session while the products were mixed as there continues to be a pessimistic feel to the market regarding the lack of business from the Chinese and with bean oil continuing to garner a lot of the attention in the space on a day-to-day basis. After seeing sharp falls to end the week last week, crush margins took another step back on Monday also, helping produce the bearish sentiment felt throughout most of the day. Amid extremely oversold chart conditions, we are of the opinion that a dead-cat-bounce occurs at some point sooner than later, but would see a larger recovery at this point as tied to a larger supply issue or some sort of new, reliable demand source and today, neither of those things seems overly likely. There have been a couple new crop sales flashes to unknown destinations in recent weeks, but traders would like to see China show up in a known category and for the 10% import duties to be dropped officially before assuming any of this business is Beijing.
🌾 Wheat Market Update
The Chicago wheat market put in the best close of the row crops to get the week started on Monday, closing higher after first scoring new lows below what had been made last week and also probing the 200-day moving average on the downside for the first time since February. The above mentioned rumored cash business by South Korea was likely at least part of the support throughout the day, as this could be signaling the market has again worked low enough to attract global business after rallying on US crop losses over the last 3-4 weeks. Russian prices were also said to have fallen more in line with the rest of the world over the last week according to traders, which means global price spreads seem to be normalizing.
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Good morning. More of the same for grain markets. Rain fell across the Midwest over the weekend, although it wasn’t complete coverage. More rain is expected on and off for most of the week. As you can see from the precip forecast map below, all of Illinois is expected to see rain this week. Temps will be warm with a couple of highs in the 90s this week. The extended forecast flipped to below normal temps as we move into the middle of June. Not much bullish with that forecast. The funds continue to liquidate its long position with the net position for corn estimated as just a small long now. The corn market is now deeply oversold with beans moving into that category on Friday. Export inspections will be out this morning. Crop progress is out this afternoon. It is day 2 of the Goldman roll. Another calf with New World screwworm was found late Friday. Crude was up overnight as Israel and Iran resumed attacks against each year. Iran stated this morning that it is done with attacks for now and President Trump stated that final negotiations for peace are proceeding. OPEC+ agreed to raise oil production again in July. The arrival of El Nino can still disrupt the summer weather pattern but the next couple of weeks look fine. Some are still hoping that China shows up and buys some U.S. grains and beans. Markets are due for a bounce, but it will take some friendly news to turn this ship back higher. The USDA will release a crop report on Thursday. Production changes on corn and beans are typically unchanged in June, but some wheat production changes are likely. Have a safe day.
... See MoreSee Less
News Announcements
6/8/26 MIDCO AFTERNOON COMMENTS
🌽 Corn Market Update
Corn futures closed mixed to start the week on Monday, seeing a morning bounce after falling to new contract lows again first in the overnight hours, signaling perhaps that the managed money exodus seen during the last several days has potentially run its course. While mechanically its the fund selling that has produced the price action seen the last week or two, its also a matter of improving rainfall across a lot of the Midwest and a continually increasing crop size in Argentina that has given the market headwinds of late and helped to limit the upside. There's a lot of growing season left in the US, but the way seed genetics have been the last couple years, a 2-4" rain the second week of June would do a lot of producers a lot of good in terms of getting the crop to the July pollination period. Stand questions due to a cool/wet April will remain a question, but there has been little else this growing season that would justify much below trend yields to this point.
🌱 Soybean Market Update
Soybean futures closed lower on Monday for the seventh straight session while the products were mixed as there continues to be a pessimistic feel to the market regarding the lack of business from the Chinese and with bean oil continuing to garner a lot of the attention in the space on a day-to-day basis. After seeing sharp falls to end the week last week, crush margins took another step back on Monday also, helping produce the bearish sentiment felt throughout most of the day. Amid extremely oversold chart conditions, we are of the opinion that a dead-cat-bounce occurs at some point sooner than later, but would see a larger recovery at this point as tied to a larger supply issue or some sort of new, reliable demand source and today, neither of those things seems overly likely. There have been a couple new crop sales flashes to unknown destinations in recent weeks, but traders would like to see China show up in a known category and for the 10% import duties to be dropped officially before assuming any of this business is Beijing.
🌾 Wheat Market Update
The Chicago wheat market put in the best close of the row crops to get the week started on Monday, closing higher after first scoring new lows below what had been made last week and also probing the 200-day moving average on the downside for the first time since February. The above mentioned rumored cash business by South Korea was likely at least part of the support throughout the day, as this could be signaling the market has again worked low enough to attract global business after rallying on US crop losses over the last 3-4 weeks. Russian prices were also said to have fallen more in line with the rest of the world over the last week according to traders, which means global price spreads seem to be normalizing.
... See MoreSee Less
0 CommentsComment on Facebook
6/8/26 MIDCO MORNING COMMENTS
Good morning. More of the same for grain markets. Rain fell across the Midwest over the weekend, although it wasn’t complete coverage. More rain is expected on and off for most of the week. As you can see from the precip forecast map below, all of Illinois is expected to see rain this week. Temps will be warm with a couple of highs in the 90s this week. The extended forecast flipped to below normal temps as we move into the middle of June. Not much bullish with that forecast. The funds continue to liquidate its long position with the net position for corn estimated as just a small long now. The corn market is now deeply oversold with beans moving into that category on Friday. Export inspections will be out this morning. Crop progress is out this afternoon. It is day 2 of the Goldman roll. Another calf with New World screwworm was found late Friday. Crude was up overnight as Israel and Iran resumed attacks against each year. Iran stated this morning that it is done with attacks for now and President Trump stated that final negotiations for peace are proceeding. OPEC+ agreed to raise oil production again in July. The arrival of El Nino can still disrupt the summer weather pattern but the next couple of weeks look fine. Some are still hoping that China shows up and buys some U.S. grains and beans. Markets are due for a bounce, but it will take some friendly news to turn this ship back higher. The USDA will release a crop report on Thursday. Production changes on corn and beans are typically unchanged in June, but some wheat production changes are likely. Have a safe day.
... See MoreSee Less
0 CommentsComment on Facebook
0 CommentsComment on Facebook