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.
Good morning. It is the last regular trading day of the week. It is an early close tomorrow and then the market stays closed until Friday morning. Normal close on Friday.
Grain markets are moderately higher again this morning. Short covering was noted as open interest dropped on both corn and beans yesterday. January options expire on Friday. March corn held the 200-day yesterday and it held as the low overnight. It is the opposite for beans, as the January contract is running into resistance at its 200-day. Saw another export flash to China yesterday, with this time including a small piece for the next marketing year. If you assume some of the unknown destinations will head to China, the running total is approaching 70% of the 12 MMT goal. Still no evidence that China has bought any corn from the U.S. but don’t be surprised if it happens at some point. AgRural estimated the Brazil bean crop at 180.4 MMT. This is up from the current USDA figure of 175 MMT. China held a housing meeting the last couple of days and reiterated its 5-year plan to fix that sector. Overall, the housing market has weighed on its economy since Covid. Parts of east-central Brazil will be dry for a few days, but the good start to date on the growing season should limit the concern. Warm temps will dominate the Midwest over the next few days, with some light precip seen. Russia continues its attacks on Ukraine, with more damage noted around Odessa. The export sales report slated for Friday will be out this morning. News for grains is quiet but technical factors are offering support. The seasonal for corn shows a small lift during the holiday season and then a pullback at the first of the year. The seasonal for soybeans shows a choppy pattern to end the year.
Good morning. Holiday week. Wednesday is an early close and then no markets until Friday morning. Normal close on Friday. Grain prices are mostly higher as the holiday mode has allowed for some light buying to dictate the mood so far. March corn traded above the 200-day (4.46 ¼) overnight and January beans are right on its own 200-day ($10.54 ¾) this morning. Wheat is better as well with the $5.05 area holding late last week in the March contract. Crude is higher on the political uncertainty in Venezuela and gold is into new all-time highs this morning. Good day so far for commodities. Export inspections will be out this morning. Export sales for the week ending December 4th will be released this morning. With the Government being shut down Wednesday and Friday, the export sales report for this Friday will be released tomorrow. It will be nice when all that is finally caught up. January options expire on Friday. China imported 8.1 MMT of beans in November and the year-to-date total now sits at 103.79 MMT of beans. Of that yearly total, Brazil accounted for 76.7 MMT, Argentina is at 6.24, and the U.S. contributed 16.82 MMT. The cattle on feed report showed placements down 11% from a year ago and on-feed numbers down 2% year over year. Warm weather will dominate the Midwest this week with highs near 60 on Christmas. There will be a couple of small rain chances this week. Looks like a big cooldown in is store for early next week. River logistics are still backed up so we will see how this warmer weather treats things. Not much change in the South American weather over the weekend. Still feels like a push to the old highs will be needed to engage the producer again, and that is closer on corn than soybeans. Have a safe day. ... See MoreSee Less
Good morning. It is the last regular trading day of the week. It is an early close tomorrow and then the market stays closed until Friday morning. Normal close on Friday.
Grain markets are moderately higher again this morning. Short covering was noted as open interest dropped on both corn and beans yesterday. January options expire on Friday. March corn held the 200-day yesterday and it held as the low overnight. It is the opposite for beans, as the January contract is running into resistance at its 200-day. Saw another export flash to China yesterday, with this time including a small piece for the next marketing year. If you assume some of the unknown destinations will head to China, the running total is approaching 70% of the 12 MMT goal. Still no evidence that China has bought any corn from the U.S. but don’t be surprised if it happens at some point. AgRural estimated the Brazil bean crop at 180.4 MMT. This is up from the current USDA figure of 175 MMT. China held a housing meeting the last couple of days and reiterated its 5-year plan to fix that sector. Overall, the housing market has weighed on its economy since Covid. Parts of east-central Brazil will be dry for a few days, but the good start to date on the growing season should limit the concern. Warm temps will dominate the Midwest over the next few days, with some light precip seen. Russia continues its attacks on Ukraine, with more damage noted around Odessa. The export sales report slated for Friday will be out this morning. News for grains is quiet but technical factors are offering support. The seasonal for corn shows a small lift during the holiday season and then a pullback at the first of the year. The seasonal for soybeans shows a choppy pattern to end the year.
Good morning. Holiday week. Wednesday is an early close and then no markets until Friday morning. Normal close on Friday. Grain prices are mostly higher as the holiday mode has allowed for some light buying to dictate the mood so far. March corn traded above the 200-day (4.46 ¼) overnight and January beans are right on its own 200-day ($10.54 ¾) this morning. Wheat is better as well with the $5.05 area holding late last week in the March contract. Crude is higher on the political uncertainty in Venezuela and gold is into new all-time highs this morning. Good day so far for commodities. Export inspections will be out this morning. Export sales for the week ending December 4th will be released this morning. With the Government being shut down Wednesday and Friday, the export sales report for this Friday will be released tomorrow. It will be nice when all that is finally caught up. January options expire on Friday. China imported 8.1 MMT of beans in November and the year-to-date total now sits at 103.79 MMT of beans. Of that yearly total, Brazil accounted for 76.7 MMT, Argentina is at 6.24, and the U.S. contributed 16.82 MMT. The cattle on feed report showed placements down 11% from a year ago and on-feed numbers down 2% year over year. Warm weather will dominate the Midwest this week with highs near 60 on Christmas. There will be a couple of small rain chances this week. Looks like a big cooldown in is store for early next week. River logistics are still backed up so we will see how this warmer weather treats things. Not much change in the South American weather over the weekend. Still feels like a push to the old highs will be needed to engage the producer again, and that is closer on corn than soybeans. Have a safe day. ... See MoreSee Less
0 CommentsComment on Facebook