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.
🌽 Corn Market Update Corn futures paced the declines in the ag space as Monday, as the spot March contract shed some 5+% of its value by the closing bell this afternoon. We had warned previously of something seemingly being a "sure thing" when it comes to the USDA and their reports, and today was a crystal clear example of what we meant. Not only did the USDA not lower corn yields like was assumed by most everyone since the last production updates in November, but they actually in-fact raised them, which was most of the reason for the sharp sell-off. The only way the current record demand landscape is friendly price is if we don't have enough bushels to satisfy it, and with production now north of 17 billion, that seems a long ways off. Chart-wise, the market blew past most all support levels today, with the August low on the March contract at 4.10 now the only thing really standing between where we closed today and $4.
🌱 Soybean Market Update Soybean futures also shed premium on Monday, but it seemed to be more sympathy selling with the grains and meal markets than anything else as aside from a small bump in ending stocks due to an expended (and likely overdue) cut in exports, there really wasn't a lot of note in terms of adjustments on either the US or the world scale from the USDA. Yields were left alone which meant only minor adjustments to production, while the USDA offset some of the export cuts with a bump in crush, which is a move we see as somewhat questionable amid an ongoing lack of policy from the EPA. We would also argue that while USDA did adjust Brazil's production forecast figure higher, this number potentially still too low if what a lot of private groups in the country are predicting is accurate.
🌾 Wheat Market Update Like the other two markets, wheat futures closed lower also on Monday, though similar to the beans, the selling here was more in-tow to the corn market as opposed to a notable bearish reaction to anything the report. The numbers were negative - ending stocks were up both in the US and the globally - but a lot of the higher production around the world is a variable that has been known for a while now and isn't really something that warranted dropping prices back near their lows. However, with US acres now seen down just fractionally from last year, a lack of a weather issue means world supplies likely stay downright plentiful, which will continue to limit rallies on the margin. ... See MoreSee Less
Good morning. In staying with the season, today is the Super Bowl of USDA reports. There is so much data released today, that it will take some time to sort through it all. The estimates are listed below. As has been stated previously, the yield numbers will get the most attention, but quarterly stocks probably mean more for the next quarter. The reaction to the report will be paramount to basis and spreads over the next month. It is believed that a 20 to 25 cent rally in corn will unleash another round of heavy producer selling, so will the report give futures enough reason to do that this week? It would be a good exercise to review your open offers this morning. Export inspections are out this morning. The trade is expecting some more China bean flashes this week. Day 3 of the fund rebalancing is today. China will auction off up to 1.1 MMT of imported soybeans tomorrow. This is the 4th auction in a little over a month. Equity futures and the dollar are lower this morning, while the metals push to new highs. Threats of an indictment against Federal Reserve Chairman Powell in relation to a renovation project have the outside markets on edge this morning. Iran protests are building, and the White House is closely monitoring. South American weather still looks ok. Temps will cool off for the next few days across the Midwest. Dryness will be favored as well. The river system has bumped up a little with higher drafts now been allowed through the lower Miss. Good luck with the report. Have a safe day.
Price Limits: Corn – 30 cents Beans – 70 cents Wheat – 35 cents ... See MoreSee Less
🌽 Corn Market Update Corn futures paced the declines in the ag space as Monday, as the spot March contract shed some 5+% of its value by the closing bell this afternoon. We had warned previously of something seemingly being a "sure thing" when it comes to the USDA and their reports, and today was a crystal clear example of what we meant. Not only did the USDA not lower corn yields like was assumed by most everyone since the last production updates in November, but they actually in-fact raised them, which was most of the reason for the sharp sell-off. The only way the current record demand landscape is friendly price is if we don't have enough bushels to satisfy it, and with production now north of 17 billion, that seems a long ways off. Chart-wise, the market blew past most all support levels today, with the August low on the March contract at 4.10 now the only thing really standing between where we closed today and $4.
🌱 Soybean Market Update Soybean futures also shed premium on Monday, but it seemed to be more sympathy selling with the grains and meal markets than anything else as aside from a small bump in ending stocks due to an expended (and likely overdue) cut in exports, there really wasn't a lot of note in terms of adjustments on either the US or the world scale from the USDA. Yields were left alone which meant only minor adjustments to production, while the USDA offset some of the export cuts with a bump in crush, which is a move we see as somewhat questionable amid an ongoing lack of policy from the EPA. We would also argue that while USDA did adjust Brazil's production forecast figure higher, this number potentially still too low if what a lot of private groups in the country are predicting is accurate.
🌾 Wheat Market Update Like the other two markets, wheat futures closed lower also on Monday, though similar to the beans, the selling here was more in-tow to the corn market as opposed to a notable bearish reaction to anything the report. The numbers were negative - ending stocks were up both in the US and the globally - but a lot of the higher production around the world is a variable that has been known for a while now and isn't really something that warranted dropping prices back near their lows. However, with US acres now seen down just fractionally from last year, a lack of a weather issue means world supplies likely stay downright plentiful, which will continue to limit rallies on the margin. ... See MoreSee Less
Good morning. In staying with the season, today is the Super Bowl of USDA reports. There is so much data released today, that it will take some time to sort through it all. The estimates are listed below. As has been stated previously, the yield numbers will get the most attention, but quarterly stocks probably mean more for the next quarter. The reaction to the report will be paramount to basis and spreads over the next month. It is believed that a 20 to 25 cent rally in corn will unleash another round of heavy producer selling, so will the report give futures enough reason to do that this week? It would be a good exercise to review your open offers this morning. Export inspections are out this morning. The trade is expecting some more China bean flashes this week. Day 3 of the fund rebalancing is today. China will auction off up to 1.1 MMT of imported soybeans tomorrow. This is the 4th auction in a little over a month. Equity futures and the dollar are lower this morning, while the metals push to new highs. Threats of an indictment against Federal Reserve Chairman Powell in relation to a renovation project have the outside markets on edge this morning. Iran protests are building, and the White House is closely monitoring. South American weather still looks ok. Temps will cool off for the next few days across the Midwest. Dryness will be favored as well. The river system has bumped up a little with higher drafts now been allowed through the lower Miss. Good luck with the report. Have a safe day.
Price Limits: Corn – 30 cents Beans – 70 cents Wheat – 35 cents ... See MoreSee Less
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