CORN deliveries beginning 1-14-26 are eligible for:
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.
CORN deliveries beginning 1-14-26 are eligible for:
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.
BEAN deliveries beginning 1-14-26 are eligible for:
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.
BEAN deliveries beginning 1-14-26 are eligible for:
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.
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.
Commodities are mostly lower this morning as the conflict in Iran continues, leaving geopolitics dominating headlines. The war with Iran continues, though the Media is reporting this morning that missile and drone activity from Iran is down nearly 70%. The NY Times has also reported that Iran has quietly reached out to the CIA to discuss ending the conflict. Trump has indicated the U.S. Navy could begin escorting oil tankers through the Strait of Hormuz (if necessary) and has also ordered oil tanker insurance support. Nearly 20% of global oil flows move through the Strait of Hormuz, and recent attacks have disrupted tanker movements, leaving dozens of fully loaded oil tankers anchored in the Persian Gulf. Traders in the futures markets are sharply reducing expectations for interest rate cuts from the Fed, as the war in Iran drives fears of an inflationary surge. While the war in the Middle East has done little to the U.S. stock market, w/the S&P 500 down less than 1% TW and futures firmer this morning, losses have been much steeper in Asia, Latin America, and Europe. In other news, Pres Trump says he plans to visit China "soon" and emphasized that the relationship between the two was in a good place. On the tariff front, Trump has stated the U.S. needs to impose tariffs on countries that manipulate their currencies or trade practices, indicating that a 15% tariff currently in place for 5-mo would be used as leverage against such nations while further reviews/investigations are completed. Weather models show rains for the drier parts of S Brazil and E Paraguay by the weekend while the 10-15 day outlook calls for normal rain throughout most of the rest of Brazil and Argy. The Chinese reportedly picked up 2 cargos of Brazilian beans for May and 1 for April yesterday. In addition, Bangladesh was said to be shopping for April beans, Egypt for May corn, and Colombia for June corn. Brazilian soybean basis levels have softened this week on notable farmer selling. New demand from China for U.S. origin has been slow. CIF beans were weaker yesterday as barge freight gave up more ground. CIF corn was higher nearby but felt a touch weaker for Apr/May. Buyers continue to check both USG and PNW levels w/ indications they are looking for values 5 to 10¢ cheaper to make purchases. Argy remains the comparison point. PNW corn remains competitive into S Korea April through July while NOLA holds an advantage over S America into Spain May through June. Barge freight worked lower yesterday. River conditions are improving and water levels are supported with rain hitting the Midwest this week. U.S. forecasts call for above normal temps/moisture in the Midwest and South. This will continue to add water to rivers and improve subsoil moisture. Crusher bean basis was steady Tuesday except for Fostoria, OH and Spiritwood, ND dropping a nickel nearby. Rail corn saw mixed changes with CSX Columbus 3¢ weaker and CSX Evansville up 3¢ for FH March. Western rail was softer as well, with NE Group 3’s and BN Waverly down 2c. The weekly EIA report will be released mid-morning today. Traders are expecting to see a decline in ethanol production from the previous week and an uptick in stockpiles.
Other headlines this morning: * Overnight March deliveries: 1 corn, 244 soybeans, 0 soymeal, 0 soyoil, 91 KC wheat, & 0 Chi wheat * VSR will decrease on Chicago wheat from 8¢/mo. to 5¢ on March 19th * DOW: trading higher * U.S. dollar trading weaker * Nearby crude oil trading lower * Hegseth says U.S. sub sank Iranian warship off Sri Lanka * The Brazilian machinery/equipment industry slowed in Jan / Net sales revenue fell 17% vs. LY * Russian grain sales to Iran stalled after U.S. attacks * India has canceled more soyoil cargoes as costs have risen sharply vs. alternatives * Brazil soy harvest expected to reach 50% complete (nationally) TW * Brazil beef exporters concerned re: Middle East situation / That dest takes roughly 10% of Brazil’s beef exports * Argy ag exports could be affected by Iran war * Perdue University: U.S. ag sentiment improves in Feb * Bloomington, IL has received roughly 1.06” of rain the last 24 hrs. ... See MoreSee Less
🌽 Corn Market Update Corn futures saw trade throughout the day on Tuesday that was inside of Monday's range before closing slightly higher, as news in the market continues to be slow and with the funds having now reached a neutral position for the first time in several months. As far as the funds go, we assume they likely stay neutral for a bit here until more is known with US-China hopefully at the end of the month, which will also coincide with the trade maybe having a little better handle on what spring acreage plans look like. Charts are in a steady uptrend, but we see little else from a fundamental standpoint at present that justifies optimism towards an ongoing, sustained price rally.
🌱 Soybean Market Update The soy complex closed higher Tuesday but generally in the middle of its trading ranges as neither the bulls nor the bears were seemingly able to grab control throughout the course of the day on what ended up also being a slow day for news here as well. The bottom line for the beans remains rather simple: additional buying is likely needed from China to make the current export forecast accurate, and if they don't, ending stocks balloon back above 300 mil bu and likely pressure prices throughout the rest of the year with normal US weather. Harvest in Brazil is nearing the 2/3s complete mark and with export prices still well below those in the states into spring, this means world soy almost entirely shifts here in the next 4-6 weeks. Unless China resumes buying for political purposes (and we stress that there is no other logical economic reason to do so), the slow, seasonal decline to the US export season is likely approaching.
🌾 Wheat Market Update Despite ongoing tensions throughout the Middle East, wheat futures saw a somewhat quieter day of trade on Tuesday in the Chicago market, with prices backing up from an overnight rally first thing this morning to trade lower throughout most of the day, only to then reverse again and finish off the lows and closer to unchanged. Like in the other markets, geopolitics has dominated most all of the headlines the last couple days and left little room for any other discussion, which has produced choppy price action. And furthermore, like we discussed yesterday, recent CoT data shows the funds have largely covered the bulk of their net-short position, which means the market has lost a source of buying. Yesterday's high now looks even more significant. ... See MoreSee Less
Commodities are mostly lower this morning as the conflict in Iran continues, leaving geopolitics dominating headlines. The war with Iran continues, though the Media is reporting this morning that missile and drone activity from Iran is down nearly 70%. The NY Times has also reported that Iran has quietly reached out to the CIA to discuss ending the conflict. Trump has indicated the U.S. Navy could begin escorting oil tankers through the Strait of Hormuz (if necessary) and has also ordered oil tanker insurance support. Nearly 20% of global oil flows move through the Strait of Hormuz, and recent attacks have disrupted tanker movements, leaving dozens of fully loaded oil tankers anchored in the Persian Gulf. Traders in the futures markets are sharply reducing expectations for interest rate cuts from the Fed, as the war in Iran drives fears of an inflationary surge. While the war in the Middle East has done little to the U.S. stock market, w/the S&P 500 down less than 1% TW and futures firmer this morning, losses have been much steeper in Asia, Latin America, and Europe. In other news, Pres Trump says he plans to visit China "soon" and emphasized that the relationship between the two was in a good place. On the tariff front, Trump has stated the U.S. needs to impose tariffs on countries that manipulate their currencies or trade practices, indicating that a 15% tariff currently in place for 5-mo would be used as leverage against such nations while further reviews/investigations are completed. Weather models show rains for the drier parts of S Brazil and E Paraguay by the weekend while the 10-15 day outlook calls for normal rain throughout most of the rest of Brazil and Argy. The Chinese reportedly picked up 2 cargos of Brazilian beans for May and 1 for April yesterday. In addition, Bangladesh was said to be shopping for April beans, Egypt for May corn, and Colombia for June corn. Brazilian soybean basis levels have softened this week on notable farmer selling. New demand from China for U.S. origin has been slow. CIF beans were weaker yesterday as barge freight gave up more ground. CIF corn was higher nearby but felt a touch weaker for Apr/May. Buyers continue to check both USG and PNW levels w/ indications they are looking for values 5 to 10¢ cheaper to make purchases. Argy remains the comparison point. PNW corn remains competitive into S Korea April through July while NOLA holds an advantage over S America into Spain May through June. Barge freight worked lower yesterday. River conditions are improving and water levels are supported with rain hitting the Midwest this week. U.S. forecasts call for above normal temps/moisture in the Midwest and South. This will continue to add water to rivers and improve subsoil moisture. Crusher bean basis was steady Tuesday except for Fostoria, OH and Spiritwood, ND dropping a nickel nearby. Rail corn saw mixed changes with CSX Columbus 3¢ weaker and CSX Evansville up 3¢ for FH March. Western rail was softer as well, with NE Group 3’s and BN Waverly down 2c. The weekly EIA report will be released mid-morning today. Traders are expecting to see a decline in ethanol production from the previous week and an uptick in stockpiles.
Other headlines this morning: * Overnight March deliveries: 1 corn, 244 soybeans, 0 soymeal, 0 soyoil, 91 KC wheat, & 0 Chi wheat * VSR will decrease on Chicago wheat from 8¢/mo. to 5¢ on March 19th * DOW: trading higher * U.S. dollar trading weaker * Nearby crude oil trading lower * Hegseth says U.S. sub sank Iranian warship off Sri Lanka * The Brazilian machinery/equipment industry slowed in Jan / Net sales revenue fell 17% vs. LY * Russian grain sales to Iran stalled after U.S. attacks * India has canceled more soyoil cargoes as costs have risen sharply vs. alternatives * Brazil soy harvest expected to reach 50% complete (nationally) TW * Brazil beef exporters concerned re: Middle East situation / That dest takes roughly 10% of Brazil’s beef exports * Argy ag exports could be affected by Iran war * Perdue University: U.S. ag sentiment improves in Feb * Bloomington, IL has received roughly 1.06” of rain the last 24 hrs. ... See MoreSee Less
🌽 Corn Market Update Corn futures saw trade throughout the day on Tuesday that was inside of Monday's range before closing slightly higher, as news in the market continues to be slow and with the funds having now reached a neutral position for the first time in several months. As far as the funds go, we assume they likely stay neutral for a bit here until more is known with US-China hopefully at the end of the month, which will also coincide with the trade maybe having a little better handle on what spring acreage plans look like. Charts are in a steady uptrend, but we see little else from a fundamental standpoint at present that justifies optimism towards an ongoing, sustained price rally.
🌱 Soybean Market Update The soy complex closed higher Tuesday but generally in the middle of its trading ranges as neither the bulls nor the bears were seemingly able to grab control throughout the course of the day on what ended up also being a slow day for news here as well. The bottom line for the beans remains rather simple: additional buying is likely needed from China to make the current export forecast accurate, and if they don't, ending stocks balloon back above 300 mil bu and likely pressure prices throughout the rest of the year with normal US weather. Harvest in Brazil is nearing the 2/3s complete mark and with export prices still well below those in the states into spring, this means world soy almost entirely shifts here in the next 4-6 weeks. Unless China resumes buying for political purposes (and we stress that there is no other logical economic reason to do so), the slow, seasonal decline to the US export season is likely approaching.
🌾 Wheat Market Update Despite ongoing tensions throughout the Middle East, wheat futures saw a somewhat quieter day of trade on Tuesday in the Chicago market, with prices backing up from an overnight rally first thing this morning to trade lower throughout most of the day, only to then reverse again and finish off the lows and closer to unchanged. Like in the other markets, geopolitics has dominated most all of the headlines the last couple days and left little room for any other discussion, which has produced choppy price action. And furthermore, like we discussed yesterday, recent CoT data shows the funds have largely covered the bulk of their net-short position, which means the market has lost a source of buying. Yesterday's high now looks even more significant. ... See MoreSee Less
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