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)
9/4/26 MIDCO AFTERNOON COMMENTS
Happy Friday. Ag futures markets were mostly lower heading into the long holiday weekend on Friday, with wheat the downside leader in the space on position squaring and risk adjustment ahead of what looks to be a three-day period that is ripe for headline risk. On top of that, there's a WASDE update scheduled for the end of next week and harvest is likely to get started in some capacity the next 10 days, and those two things are only going to add to the volatility that's already emerged the last 2-3 weeks. Our lean is still bullish, but we are going to continue to stress risk management going forward as the upside money isn't likely to keep coming as easily as it has of late. At today's close, corn futures are still more than a dollar off their summer lows and soybean futures are nearly $2 off their summer lows.
As a reminder, there will be no CBOT ag trade Sunday night or Monday during the day for the Labor Day holiday. Trade will resume at 7pm central time like normal Monday evening. Have a great long weekend, and stay cool!
🌽 Corn Market Update
Corn futures closed quietly lower on Friday in what was a thinning day of trade into the close, with a lot of participants seemingly getting a head start on the long holiday weekend beyond mid-morning. With harvest still not quite under way and conversations looming regarding the situation in the Black Sea, traders unsurprisingly took the wait-and-see approach to the weekend, and decided they'd be better off seeing where things stand next week before continuing to try and press the long side. That said, with it being assumed that the washout seen the last two days knocked out some of the weaker longs, we wouldn't be at all surprised to see strength on the open Monday evening barring some sort of bearish development between Russia and Ukraine. And even if that does occur, the supply situation in the Black Sea isn't the only reason funds are wanting to be long corn and there's a good chunk of industry talking heads saying inflation and El Niño risks alone should keep their position fairly large until at least the end of Q1 next year. Like we've said all week, a few lower days doesn't mean the overall bull market has ended.
🌱 Soybean Market Update
The soy complex was lower to end the week on Friday, with all three members of the group in the red on what was generally a corrective end to the week across the whole of the space. Where the Black Sea has been friendly the grains, the ongoing closure of the Strait of Hormuz and its impact on world energy values has remained friendly the soy complex from a biofuel standpoint. Recent buying in the complex has also undoubtedly been the result of what most feel are declining US crops amid the high heat seen throughout much of the back half of August and into September. Lastly, whether warranted or not, traders seem to think the next round of trade talks with China in another couple weeks is going to produce more positive tailwinds for the space, and this has also likely produced some portion of the recent buying. Like we talked about with corn, amid the bevy of ongoing stories that lean supportive, a day or two correction does not mean the bull market is over for the beans.
🌾 Wheat Market Update
Wheat futures led the push to the downside to end the week this week, with it clear that was some measure or risk reduction going on ahead of the long weekend and what are expected to be bilateral talks between both the US and Russia and also the US and Ukraine. American efforts towards diplomacy have yielded little if anything to this point, but amid what seems to being growing pressure for something to change from the rest of the world as well, traders at least see a chance that a breakthrough could occur heading into next week. Furthermore, the old idea that long weekends and holidays can sometimes bring about changes in trend was also likely at play to some degree today given just how much spec money has presumably come into the market over the last few weeks. Today was simply all about risk reduction; depending on what headlines come about the next 72 hours or so, Monday evening's markets could look vastly different.
...
9/4/26 MIDCO AFTERNOON COMMENTS
Happy Friday. Ag futures markets were mostly lower heading into the long holiday weekend on Friday, with wheat the downside leader in the space on position squaring and risk adjustment ahead of what looks to be a three-day period that is ripe for headline risk. On top of that, there's a WASDE update scheduled for the end of next week and harvest is likely to get started in some capacity the next 10 days, and those two things are only going to add to the volatility that's already emerged the last 2-3 weeks. Our lean is still bullish, but we are going to continue to stress risk management going forward as the upside money isn't likely to keep coming as easily as it has of late. At today's close, corn futures are still more than a dollar off their summer lows and soybean futures are nearly $2 off their summer lows.
As a reminder, there will be no CBOT ag trade Sunday night or Monday during the day for the Labor Day holiday. Trade will resume at 7pm central time like normal Monday evening. Have a great long weekend, and stay cool!
🌽 Corn Market Update
Corn futures closed quietly lower on Friday in what was a thinning day of trade into the close, with a lot of participants seemingly getting a head start on the long holiday weekend beyond mid-morning. With harvest still not quite under way and conversations looming regarding the situation in the Black Sea, traders unsurprisingly took the wait-and-see approach to the weekend, and decided they'd be better off seeing where things stand next week before continuing to try and press the long side. That said, with it being assumed that the washout seen the last two days knocked out some of the weaker longs, we wouldn't be at all surprised to see strength on the open Monday evening barring some sort of bearish development between Russia and Ukraine. And even if that does occur, the supply situation in the Black Sea isn't the only reason funds are wanting to be long corn and there's a good chunk of industry talking heads saying inflation and El Niño risks alone should keep their position fairly large until at least the end of Q1 next year. Like we've said all week, a few lower days doesn't mean the overall bull market has ended.
🌱 Soybean Market Update
The soy complex was lower to end the week on Friday, with all three members of the group in the red on what was generally a corrective end to the week across the whole of the space. Where the Black Sea has been friendly the grains, the ongoing closure of the Strait of Hormuz and its impact on world energy values has remained friendly the soy complex from a biofuel standpoint. Recent buying in the complex has also undoubtedly been the result of what most feel are declining US crops amid the high heat seen throughout much of the back half of August and into September. Lastly, whether warranted or not, traders seem to think the next round of trade talks with China in another couple weeks is going to produce more positive tailwinds for the space, and this has also likely produced some portion of the recent buying. Like we talked about with corn, amid the bevy of ongoing stories that lean supportive, a day or two correction does not mean the bull market is over for the beans.
🌾 Wheat Market Update
Wheat futures led the push to the downside to end the week this week, with it clear that was some measure or risk reduction going on ahead of the long weekend and what are expected to be bilateral talks between both the US and Russia and also the US and Ukraine. American efforts towards diplomacy have yielded little if anything to this point, but amid what seems to being growing pressure for something to change from the rest of the world as well, traders at least see a chance that a breakthrough could occur heading into next week. Furthermore, the old idea that long weekends and holidays can sometimes bring about changes in trend was also likely at play to some degree today given just how much spec money has presumably come into the market over the last few weeks. Today was simply all about risk reduction; depending on what headlines come about the next 72 hours or so, Monday evening's markets could look vastly different.
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