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. Not much new overnight so no need dragging it out. Day 2 of the fund rebalancing. It did have a small impact yesterday holding corn/wheat values together in relation to soybeans. The commitment of traders’ report is out tonight, and the data is current again. The fund position on corn is estimated to be near even, while bean funds hold moderate length still. The bean trade is still waiting on a few more China bean buying confirms. Argentina growing areas are still expected to see rain, which is viewed as helpful after some recent dryness. Argentina is estimated at 88% planted on beans, 89% planted on corn, and 98% done with wheat harvest. Brazil bean harvest has started in some isolated areas. Private estimates for production for Brazil beans are growing above the current USDA figure of 175 MMT. The big news comes on Monday with the USDA reports. A lot of data to sort through. Yields will get the most attention, but quarterly stocks will tell a better story for the next quarter. The December payrolls report showed 50K jobs added during the month, which was down from the +73K expected. The unemployment rate came in at 4.4%, which was a tick less than expected. The Supreme Court decision on tariffs may come out today. Happenings in Venezuela and Minnesota continue to dominate the national headlines. The producer is still hoping for a friendly corn report on Friday with 50% or more of the corn crop yet to buy. Have a safe weekend. ... See MoreSee Less
🌽 Corn Market Update Thursday trade in the corn market was once again quiet today, as a slowdown in exports didn't produce negative headwinds but as there also wasn't anything friendly for traders to sink their teeth into. We've talked about it all week, but if futures are going to break out of their short term sideways pattern, it requires something to change in Monday's report. Should yields come in 3-4 bu/acre lower, we would assume it to be price friendly but not to a huge extent; if yields come in lower than this, we would assume prices close higher, and if yields come in closer to unchanged we would assume prices close lower. From there, it will be safrinha corn weather in Brazil and production prospects in Argentina that drive the trade until the US acreage debate comes into more focus as we get into March.
🌱 Soybean Market Update Bean futures were lower on Thursday as traders have continued to have little new to discus this week outside of Chinese bean buying that isn't a market factor today. Cumulative sales to China as of today's data stand at 6.9 MMTs (this does not include some sales flash data or sales to unknown), which while somewhat disappointing when looked at through the lens of the 12 MMTs that are expected, becomes a much brighter figure when compared to the next largest figure for any other country, which is Mexico at just 3.5 MMTs. The discrepancy highlights the story we tried to tell for weeks as we went through October and November with minimal sales being made to China that the business simply wasn't going to be able to be made up based strictly on the size of the Chinese demand.
🌾 Wheat Market Update Wheat futures closed higher for a second consecutive day on Thursday, as declining crop conditions in the US over the past several weeks and a coming snap of cold weather in the Black Sea region have been enough to produce a slight pop in the market. With funds still short we're not overly sure that this is anything more than position covering at this point, and we assume that any potential dryness related issues pertaining to the US crop will be offset by gains in acreage in either Monday's USDA report of subsequent ones into spring. ... See MoreSee Less
Good morning. Not much new overnight so no need dragging it out. Day 2 of the fund rebalancing. It did have a small impact yesterday holding corn/wheat values together in relation to soybeans. The commitment of traders’ report is out tonight, and the data is current again. The fund position on corn is estimated to be near even, while bean funds hold moderate length still. The bean trade is still waiting on a few more China bean buying confirms. Argentina growing areas are still expected to see rain, which is viewed as helpful after some recent dryness. Argentina is estimated at 88% planted on beans, 89% planted on corn, and 98% done with wheat harvest. Brazil bean harvest has started in some isolated areas. Private estimates for production for Brazil beans are growing above the current USDA figure of 175 MMT. The big news comes on Monday with the USDA reports. A lot of data to sort through. Yields will get the most attention, but quarterly stocks will tell a better story for the next quarter. The December payrolls report showed 50K jobs added during the month, which was down from the +73K expected. The unemployment rate came in at 4.4%, which was a tick less than expected. The Supreme Court decision on tariffs may come out today. Happenings in Venezuela and Minnesota continue to dominate the national headlines. The producer is still hoping for a friendly corn report on Friday with 50% or more of the corn crop yet to buy. Have a safe weekend. ... See MoreSee Less
🌽 Corn Market Update Thursday trade in the corn market was once again quiet today, as a slowdown in exports didn't produce negative headwinds but as there also wasn't anything friendly for traders to sink their teeth into. We've talked about it all week, but if futures are going to break out of their short term sideways pattern, it requires something to change in Monday's report. Should yields come in 3-4 bu/acre lower, we would assume it to be price friendly but not to a huge extent; if yields come in lower than this, we would assume prices close higher, and if yields come in closer to unchanged we would assume prices close lower. From there, it will be safrinha corn weather in Brazil and production prospects in Argentina that drive the trade until the US acreage debate comes into more focus as we get into March.
🌱 Soybean Market Update Bean futures were lower on Thursday as traders have continued to have little new to discus this week outside of Chinese bean buying that isn't a market factor today. Cumulative sales to China as of today's data stand at 6.9 MMTs (this does not include some sales flash data or sales to unknown), which while somewhat disappointing when looked at through the lens of the 12 MMTs that are expected, becomes a much brighter figure when compared to the next largest figure for any other country, which is Mexico at just 3.5 MMTs. The discrepancy highlights the story we tried to tell for weeks as we went through October and November with minimal sales being made to China that the business simply wasn't going to be able to be made up based strictly on the size of the Chinese demand.
🌾 Wheat Market Update Wheat futures closed higher for a second consecutive day on Thursday, as declining crop conditions in the US over the past several weeks and a coming snap of cold weather in the Black Sea region have been enough to produce a slight pop in the market. With funds still short we're not overly sure that this is anything more than position covering at this point, and we assume that any potential dryness related issues pertaining to the US crop will be offset by gains in acreage in either Monday's USDA report of subsequent ones into spring. ... See MoreSee Less
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