The Paxton location will be closed on Wednesday Sept. 9th & Thursday Sept. 10th.
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)
10/27/26 MIDCO AFTERNOON COMMENTS
Ag markets closed lower again on Tuesday, with an early bean/meal rally failing throughout the morning session and the grains falling to another round of new lows on what continues to be ongoing long liquidation across the space. The USDA - and now the Brazilian election - have introduced plenty of bearish sentiment to the market over the last couple weeks, but there has been little if anything on the bullish side of the ledger to help offset it. The technical situation has become extremely oversold, but it appears there is going to need to be some sort of spark to ignite what should be a seasonal turn-around.
🌽 Corn Market Update
The corn market continued to make new lows again on Tuesday, finishing lower again amid what continues to be a slow news environment on the tail end of harvest. There is still a good chunk of the crop to come out over the course of the next few weeks, but farmer selling has slowed a bit as they seem to have contracts mostly filled and are now working on filling their bins. Regardless of price, the producer would rather store corn than soybeans, and this has produced a strengthening basis environment over the last few days despite board prices still falling and there seemingly still being plenty of corn left to harvest.
🌱 Soybean Market Update
An overnight and early morning rally in the soybean and meal markets failed throughout the course of the day session Tuesday, with the two and also oil finishing the day in the red amid what was matter chatter regarding the real in Brazil and elections in Israel that are likely to have a major impact on world energy markets. Soybean oil futures have been largely sideways since the middle of April, but have still seen a considerable amount of influence from the energies and we imagine this will play a role in price discovery here into the end of the week. Meanwhile, the afore mentioned real traded just below the mid-point of yesterday's range in the futures markets for the majority of the day today, bringing about some measure of calm after the panic seen to start the week. That said, we don't imagine volatility there subsides very quickly, which means currency markets are likely to continue to have some sort of impact on bean and meal prices in the short term.
🌾 Wheat Market Update
Chicago wheat futures settled lower again on Tuesday, with the vast majority of the news and headlines in the space still centering on developments in the Black Sea region. There seems to be progress for trilateral peace talks to occur between Russia, Ukraine, and the US at some point in November, but so long as attacks remain ongoing, we just don't have a lot of optimism that anything comes out of them. President Trump, along with most leaders in Europe, obviously want the war over for economic reasons, but no matter how much they push, it still at the end of the day comes down to either Zelensky or Putin making some sort of concession, and we still don't know how great the odds of this happening are. Forced to take a stance, it seems more likely that the war drags on into the new year than it does that the two sides find some sort of common ground.
...
10/27/26 MIDCO AFTERNOON COMMENTS
Ag markets closed lower again on Tuesday, with an early bean/meal rally failing throughout the morning session and the grains falling to another round of new lows on what continues to be ongoing long liquidation across the space. The USDA - and now the Brazilian election - have introduced plenty of bearish sentiment to the market over the last couple weeks, but there has been little if anything on the bullish side of the ledger to help offset it. The technical situation has become extremely oversold, but it appears there is going to need to be some sort of spark to ignite what should be a seasonal turn-around.
🌽 Corn Market Update
The corn market continued to make new lows again on Tuesday, finishing lower again amid what continues to be a slow news environment on the tail end of harvest. There is still a good chunk of the crop to come out over the course of the next few weeks, but farmer selling has slowed a bit as they seem to have contracts mostly filled and are now working on filling their bins. Regardless of price, the producer would rather store corn than soybeans, and this has produced a strengthening basis environment over the last few days despite board prices still falling and there seemingly still being plenty of corn left to harvest.
🌱 Soybean Market Update
An overnight and early morning rally in the soybean and meal markets failed throughout the course of the day session Tuesday, with the two and also oil finishing the day in the red amid what was matter chatter regarding the real in Brazil and elections in Israel that are likely to have a major impact on world energy markets. Soybean oil futures have been largely sideways since the middle of April, but have still seen a considerable amount of influence from the energies and we imagine this will play a role in price discovery here into the end of the week. Meanwhile, the afore mentioned real traded just below the mid-point of yesterday's range in the futures markets for the majority of the day today, bringing about some measure of calm after the panic seen to start the week. That said, we don't imagine volatility there subsides very quickly, which means currency markets are likely to continue to have some sort of impact on bean and meal prices in the short term.
🌾 Wheat Market Update
Chicago wheat futures settled lower again on Tuesday, with the vast majority of the news and headlines in the space still centering on developments in the Black Sea region. There seems to be progress for trilateral peace talks to occur between Russia, Ukraine, and the US at some point in November, but so long as attacks remain ongoing, we just don't have a lot of optimism that anything comes out of them. President Trump, along with most leaders in Europe, obviously want the war over for economic reasons, but no matter how much they push, it still at the end of the day comes down to either Zelensky or Putin making some sort of concession, and we still don't know how great the odds of this happening are. Forced to take a stance, it seems more likely that the war drags on into the new year than it does that the two sides find some sort of common ground.
...
0 CommentsComment on Facebook
0 CommentsComment on Facebook