We have posted the current rates for drying and storage wheat on our website.
Please visit our Crop Policy Service Rates page for Wheat to plan for your storage and drying needs for this harvest season.
Please call the office if you have questions: 217-396-4111
The Illinois Wheat Development Act authorized the creation of a wheat checkoff program in Illinois. In March 2025, Illinois wheat producers adopted via state-wide referendum the creation of the Illinois Wheat Development Program which began on January 1, 2026. Since then, Illinois wheat producers have also elected nine board members who are now taking steps to implement the new assessment.
Your partnership is imperative to successful implementation of the IL Wheat assessment. This notice is to inform you that the Illinois Wheat Development Board set July 1, 2026, as the effective date to begin collection of the 1.5 cents per bushel assessment. More information and resources will be provided as the Board develops materials but it is important that we share with you a few key components to the program:
Additionally, funds collected through this assessment will be used to:
Thank you for your important role in the Wheat Checkoff’s mission of increasing demand for wheat and making wheat production more profitable. More information will be coming to help you prepare. Should you have any questions, please email contact@illinoiswheat.org or call 309.557 .3619.
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.
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.
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.
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
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)
8/21/26 MIDCO MORNING COMMENTS
8/20/26 MIDCO AFTERNOON COMMENTS 0 CommentsComment on Facebook
Good morning. Early start. Grain prices are mostly lower on a quieter session so far. The tour released Iowa and Minnesota crop estimates last night. They found generally good crops. Their findings on corn yields were below a year ago but better than the recent average. The tour served as a reminder of how good last year’s crops were. Pro Farmer will put out an official national crop estimate this afternoon. The number will be loosely based on the tour, which typically raises some questions. The state-by-state yields that the tour finds should be used as comparison to their own numbers in the past, not to the USDA state yield numbers. The tour euphoria from this week is likely to wane a bit in coming sessions. December corn got within a ¼ cent of its May high yesterday of $5.06 ½, so consider that area resistance until further notice. November beans set a new recent high yesterday before closing slightly lower, which is a small negative sign for the technicals. China bean buying news has been a touch quieter this week. The weather forecast looks pretty good after a chance of rains tonight. Temps will be on the warmish side, but sunshine will dominate the forecast for the next few days. This will help soybean maturity and will help areas continue to dry out. Argentina is 81% done on harvesting its record corn crop. As the White House continues to be committed to lowering beef prices, President Trump announced this morning that he would allow up to 300,000 metric tons of ground beef to be imported without impacting tariff quotas as part of a 90-day deal. He did not say where the beef would be coming from. The cattle on feed report is out this afternoon. The commitment of traders’ is out as well. The funds continue to build on their net long in corn and beans. Have a safe weekend.
...
🌽 Corn Market Update
Corn futures were again higher on Thursday, with the new crop Dec contract challenging the old highs for the year made back in May amid what continues to be an injection of premium based on a loss of exportable supply around the globe. Looked at in vacuum, the crop loss in the US typically wouldn't be all that big of a deal (a 15.5 bil bu crop would still be the second biggest on record) but its that its coming on top of record demand that has gotten the market excited in recent weeks. Ending stocks are already tight, and if China comes in in September and says they're going to buy corn or the crop sitting in the field continues to shrink, that number is only going to get even smaller. A correction is due at some point, but our lean is bullish until either we know for sure what the US crop size is or there is some sort of progress made towards a resolution in the Black Sea region.
🌱 Soybean Market Update
The soy complex finished Thursday mixed, with lower trade in the meal market helping to tug front month soybean futures just barely into the red by the close of the day. Crop chatter from the Pro Farmer tour was again a theme throughout the day today, but there was a lack of fresh input to the space otherwise outside of another flash sale to unknown destinations this morning and what was a generally routine weekly export sales report. The tour's yield estimate is expected to attract quite a bit of attention into the weekend, but with the chart being both within spitting distance of the old high and also nearly in overbought territory, we wouldn't be overly surprised to see some sort of corrective action emerge into the weekend.
🌾 Wheat Market Update
There was again little if anything new to report in the wheat market on Thursday, with Chicago futures quietly higher amid more Black Sea attacks and an overall unchanged situation in the region. The market isn't going to trade the Russia - Ukraine forever, but at least for now, we have little answer as to when the constant flow of headlines regarding the two are going to stop. Outside of the US and western Europe, who have real production losses, there are bushels to export in the Black Sea region, they just simply can't go anywhere today. If this changes, it will be a significant price event that will likely play out over multiple days.
...
8/21/26 MIDCO MORNING COMMENTS
Good morning. Early start. Grain prices are mostly lower on a quieter session so far. The tour released Iowa and Minnesota crop estimates last night. They found generally good crops. Their findings on corn yields were below a year ago but better than the recent average. The tour served as a reminder of how good last year’s crops were. Pro Farmer will put out an official national crop estimate this afternoon. The number will be loosely based on the tour, which typically raises some questions. The state-by-state yields that the tour finds should be used as comparison to their own numbers in the past, not to the USDA state yield numbers. The tour euphoria from this week is likely to wane a bit in coming sessions. December corn got within a ¼ cent of its May high yesterday of $5.06 ½, so consider that area resistance until further notice. November beans set a new recent high yesterday before closing slightly lower, which is a small negative sign for the technicals. China bean buying news has been a touch quieter this week. The weather forecast looks pretty good after a chance of rains tonight. Temps will be on the warmish side, but sunshine will dominate the forecast for the next few days. This will help soybean maturity and will help areas continue to dry out. Argentina is 81% done on harvesting its record corn crop. As the White House continues to be committed to lowering beef prices, President Trump announced this morning that he would allow up to 300,000 metric tons of ground beef to be imported without impacting tariff quotas as part of a 90-day deal. He did not say where the beef would be coming from. The cattle on feed report is out this afternoon. The commitment of traders’ is out as well. The funds continue to build on their net long in corn and beans. Have a safe weekend.
...
0 CommentsComment on Facebook
8/20/26 MIDCO AFTERNOON COMMENTS
🌽 Corn Market Update
Corn futures were again higher on Thursday, with the new crop Dec contract challenging the old highs for the year made back in May amid what continues to be an injection of premium based on a loss of exportable supply around the globe. Looked at in vacuum, the crop loss in the US typically wouldn't be all that big of a deal (a 15.5 bil bu crop would still be the second biggest on record) but its that its coming on top of record demand that has gotten the market excited in recent weeks. Ending stocks are already tight, and if China comes in in September and says they're going to buy corn or the crop sitting in the field continues to shrink, that number is only going to get even smaller. A correction is due at some point, but our lean is bullish until either we know for sure what the US crop size is or there is some sort of progress made towards a resolution in the Black Sea region.
🌱 Soybean Market Update
The soy complex finished Thursday mixed, with lower trade in the meal market helping to tug front month soybean futures just barely into the red by the close of the day. Crop chatter from the Pro Farmer tour was again a theme throughout the day today, but there was a lack of fresh input to the space otherwise outside of another flash sale to unknown destinations this morning and what was a generally routine weekly export sales report. The tour's yield estimate is expected to attract quite a bit of attention into the weekend, but with the chart being both within spitting distance of the old high and also nearly in overbought territory, we wouldn't be overly surprised to see some sort of corrective action emerge into the weekend.
🌾 Wheat Market Update
There was again little if anything new to report in the wheat market on Thursday, with Chicago futures quietly higher amid more Black Sea attacks and an overall unchanged situation in the region. The market isn't going to trade the Russia - Ukraine forever, but at least for now, we have little answer as to when the constant flow of headlines regarding the two are going to stop. Outside of the US and western Europe, who have real production losses, there are bushels to export in the Black Sea region, they just simply can't go anywhere today. If this changes, it will be a significant price event that will likely play out over multiple days.
...
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0 CommentsComment on Facebook