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 Annual Meeting of the Stockholders will be held:
Wednesday, September 03, 2025
The Cadillac 108 W State St. Paxton, IL
Doors open at 6:00 p.m. for registration,
Buffet style dinner from 6:00 p.m. until 7:00 p.m. (Provided by Luke’s one stop)
Shareholders meeting will begin at 7:00 p.m.
🌽 Corn Market Update Corn futures traded lower on Wednesday, as chart-related selling at the 200-day moving average/4.50 area drove prices into the red throughout the day. We talked about it following the report yesterday, but we don't see a lot of paths forward where the export number printed isn't highly debated. There's certainly an argument that can be made that if pace continues through spring then this number is achievable, but at the same time, if pace doesn't sustain itself, one can just as easily argue for the inverse. On top of this, USDA made no adjustments to feed and residual use yesterday, and with the ongoing screwworm issue in Mexico and a further declining feedlot herd, most feel this number has to come down as well. The big question otherwise will be what happens on yield/production in January, and if these demand cuts occur, how much of them are offset. Chart trading drives prices otherwise into Christmas.
🌱 Soybean Market Update Soybean futures stopped the bleeding to an extent on Wednesday, closing the day higher for the first session this week on slightly oversold chart conditions and another round of flash bean sales to China this morning. With nothing of note out of yesterday's report, there just continues to be little new on any of the overarching driving factors in the bean market and we don't know that this changes anytime real soon. If China continues slowly buying beans out to the assumed 12 MMT level between now and sometime in January or February we're not sure how much the market further reacts, and for them to keep buying beyond here would mean either some sort of unforeseen issue in Brazil or a new development on the political front. There's still no biofuel policy news and there's still no reason from a weather standpoint to fear significant crop loss in South America, which remain the other talking points.
🌾 Wheat Market Update There was little new in the wheat market on Wednesday, with prices under pressure for most of the day on follow through selling from yesterday's bearish report and presumably some measure of new fund selling. We don't anticipate the funds piling into a ton of new shorts ahead of the calendar flipping in a few weeks, but unless something new develops in the wrong direction regarding the war in Ukraine, there's just little out there the bulls can cling to. US wheat is expensive compared to other locations around the world and until this changes, we see the upside in futures continuing to be limited. ... See MoreSee Less
Good morning. Grain prices are lower with little change in news overnight. The USDA did not change anything on the bean and wheat balance sheets yesterday. They raised corn exports by 125 mbu., which tightened ending stocks a bit more than expected. Now the trade can debate what the final yield will be for the next month. Argentina lowered their export taxes a couple of days ago, which was deemed as bearish due to more likely farmer selling there. Ag trade rep Greer stated yesterday that the timeline for China to buy the 12 MMT of U.S. beans is now “by the end of the growing season.” That probably adds more confusion because nobody knows when that is. The deadline has moved from the end of the calendar year to the end of February to now this comment from Greer. If you look at just daily flashes, China has accounted for 2.845 MMT of soybean purchases. There are a few more than that out there, but an exact total is still hard to quantify. Basis levels are still hanging in there as the producer has slowed selling, especially on soybeans. All of a sudden, the gap from October 27th on January soybeans is back in play. It would be filled on a trade down to $10.63. The weekly ethanol figures are out this morning. The CFTC did announce it was going to get more aggressive on putting out fund data. It should have current data out by the end of the month as opposed to the original schedule at the end of January. The FED announces its decision today at 1 p.m. central. Still expecting a ¼ point decline. Snow will move through the Midwest later this week and weekend. 4 to 5 inches is possible in this first round and will favor the northern half of Illinois. An extreme cold blast is coming Sunday. Prepare accordingly. Have a safe day. ... See MoreSee Less
🌽 Corn Market Update Corn futures traded lower on Wednesday, as chart-related selling at the 200-day moving average/4.50 area drove prices into the red throughout the day. We talked about it following the report yesterday, but we don't see a lot of paths forward where the export number printed isn't highly debated. There's certainly an argument that can be made that if pace continues through spring then this number is achievable, but at the same time, if pace doesn't sustain itself, one can just as easily argue for the inverse. On top of this, USDA made no adjustments to feed and residual use yesterday, and with the ongoing screwworm issue in Mexico and a further declining feedlot herd, most feel this number has to come down as well. The big question otherwise will be what happens on yield/production in January, and if these demand cuts occur, how much of them are offset. Chart trading drives prices otherwise into Christmas.
🌱 Soybean Market Update Soybean futures stopped the bleeding to an extent on Wednesday, closing the day higher for the first session this week on slightly oversold chart conditions and another round of flash bean sales to China this morning. With nothing of note out of yesterday's report, there just continues to be little new on any of the overarching driving factors in the bean market and we don't know that this changes anytime real soon. If China continues slowly buying beans out to the assumed 12 MMT level between now and sometime in January or February we're not sure how much the market further reacts, and for them to keep buying beyond here would mean either some sort of unforeseen issue in Brazil or a new development on the political front. There's still no biofuel policy news and there's still no reason from a weather standpoint to fear significant crop loss in South America, which remain the other talking points.
🌾 Wheat Market Update There was little new in the wheat market on Wednesday, with prices under pressure for most of the day on follow through selling from yesterday's bearish report and presumably some measure of new fund selling. We don't anticipate the funds piling into a ton of new shorts ahead of the calendar flipping in a few weeks, but unless something new develops in the wrong direction regarding the war in Ukraine, there's just little out there the bulls can cling to. US wheat is expensive compared to other locations around the world and until this changes, we see the upside in futures continuing to be limited. ... See MoreSee Less
Good morning. Grain prices are lower with little change in news overnight. The USDA did not change anything on the bean and wheat balance sheets yesterday. They raised corn exports by 125 mbu., which tightened ending stocks a bit more than expected. Now the trade can debate what the final yield will be for the next month. Argentina lowered their export taxes a couple of days ago, which was deemed as bearish due to more likely farmer selling there. Ag trade rep Greer stated yesterday that the timeline for China to buy the 12 MMT of U.S. beans is now “by the end of the growing season.” That probably adds more confusion because nobody knows when that is. The deadline has moved from the end of the calendar year to the end of February to now this comment from Greer. If you look at just daily flashes, China has accounted for 2.845 MMT of soybean purchases. There are a few more than that out there, but an exact total is still hard to quantify. Basis levels are still hanging in there as the producer has slowed selling, especially on soybeans. All of a sudden, the gap from October 27th on January soybeans is back in play. It would be filled on a trade down to $10.63. The weekly ethanol figures are out this morning. The CFTC did announce it was going to get more aggressive on putting out fund data. It should have current data out by the end of the month as opposed to the original schedule at the end of January. The FED announces its decision today at 1 p.m. central. Still expecting a ¼ point decline. Snow will move through the Midwest later this week and weekend. 4 to 5 inches is possible in this first round and will favor the northern half of Illinois. An extreme cold blast is coming Sunday. Prepare accordingly. Have a safe day. ... See MoreSee Less
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