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. Mostly lower trade in the ag space to start Thursday, with a quiet afternoon/evening of news leading prices to drift lower this morning in the corn, bean and wheat markets, while the product markets are seeing spread activity to start the day. We touched on it a bit yesterday, but speaking specifically to the corn and beans, that the markets have made highs in generally the same area every day this week seems to be telling that there is either some sort of value near current levels, or traders realize that the rally maybe went a little too far, too fast and are now taking pause to see whether the developments that got us here will actually come to fruition. The headlines are great, but bigger picture price direction from here over the next couple months will be a product of actual export data and whether the newly announced trade business cuts into current ending stocks estimates. Remember, soybean futures are already at their highest level in more than a year almost purely on speculation that this business shows up; to expect an explosive rally that just blows the top off without any evidence of bushels being shipped and still no weather issues on the other side of the world would seem somewhat foolish to us at this point. Corn futures to start Thursday morning are trading 2-3 cents lower, soybean futures are trading 5-9 cents lower, and the Chicago wheat market is trading 6-8 cents lower. Products are mixed, soybean meal is giving back most of what it gained yesterday and is down around $7/ton, while soybean oil is up 40-50 points. Outside markets are again quietly mixed for the most part, crude oil futures are up 40-50 cents/bbl, the Dow Jones index is up 40 points and the US$ index is down 20-30 points; the S&P500 is up 10 points and the NASDAQ is up 50 points. ... See MoreSee Less
🌽 Corn Market Update Aside from weekly ethanol data, which was a positive to the market and better than the trade had expected, it was another mostly quiet day in the corn market, as trader attention continues to be far more focused on the soy complex than it does either of the grains. As we outline in our technical comments below, the topside of the market has been fairly well-defined this week as spot futures have been unable to clear the hurdle that is the 200-day moving average and this has been the backdrop for most of the non-cash related conversations going on in the space the last several days. If the market is unable to breakthrough here in the short term, we see some sort of back-and-fill action as the path of least resistance over the next few weeks and would not be surprised to see spot futures fall back into the $4-4.30 range seen through the bulk of fall.
🌱 Soybean Market Update Not a lot of new news in the soy complex on Wednesday despite prices in both the beans and the meal seeing higher to sharply higher trade throughout the majority of the session. Some traders are pointing to the rumored wheat business, which appears to have been done at prices that weren't the cheapest available, as reason to be optimistic on China bean buying, as perhaps this indicates they may also be willing to buy US soy despite it not being the cheapest option available. China has long been a buyer of need and is known to only make purchases at the lowest price available, though there appear to be some who feel that maybe this is changing. Color us skeptical.
🌾 Wheat Market Update Wheat futures saw a higher day of trade on Wednesday, led to the upside by some ideas that maybe the southern hemisphere crop isn't quite as big as previously feared on wet weather in eastern Australia and also wet weather and some frost concerns in Argentina. Otherwise, cash rumors on the alleged Chinese purchases from earlier this week continue to be one of the bigger talking points throughout the space, with global values mostly still dead in the water despite the rally in US futures. Until the US government comes back online, rumors will likely dominate the cash side of the market. ... See MoreSee Less
Good morning. Mostly lower trade in the ag space to start Thursday, with a quiet afternoon/evening of news leading prices to drift lower this morning in the corn, bean and wheat markets, while the product markets are seeing spread activity to start the day. We touched on it a bit yesterday, but speaking specifically to the corn and beans, that the markets have made highs in generally the same area every day this week seems to be telling that there is either some sort of value near current levels, or traders realize that the rally maybe went a little too far, too fast and are now taking pause to see whether the developments that got us here will actually come to fruition. The headlines are great, but bigger picture price direction from here over the next couple months will be a product of actual export data and whether the newly announced trade business cuts into current ending stocks estimates. Remember, soybean futures are already at their highest level in more than a year almost purely on speculation that this business shows up; to expect an explosive rally that just blows the top off without any evidence of bushels being shipped and still no weather issues on the other side of the world would seem somewhat foolish to us at this point. Corn futures to start Thursday morning are trading 2-3 cents lower, soybean futures are trading 5-9 cents lower, and the Chicago wheat market is trading 6-8 cents lower. Products are mixed, soybean meal is giving back most of what it gained yesterday and is down around $7/ton, while soybean oil is up 40-50 points. Outside markets are again quietly mixed for the most part, crude oil futures are up 40-50 cents/bbl, the Dow Jones index is up 40 points and the US$ index is down 20-30 points; the S&P500 is up 10 points and the NASDAQ is up 50 points. ... See MoreSee Less
🌽 Corn Market Update Aside from weekly ethanol data, which was a positive to the market and better than the trade had expected, it was another mostly quiet day in the corn market, as trader attention continues to be far more focused on the soy complex than it does either of the grains. As we outline in our technical comments below, the topside of the market has been fairly well-defined this week as spot futures have been unable to clear the hurdle that is the 200-day moving average and this has been the backdrop for most of the non-cash related conversations going on in the space the last several days. If the market is unable to breakthrough here in the short term, we see some sort of back-and-fill action as the path of least resistance over the next few weeks and would not be surprised to see spot futures fall back into the $4-4.30 range seen through the bulk of fall.
🌱 Soybean Market Update Not a lot of new news in the soy complex on Wednesday despite prices in both the beans and the meal seeing higher to sharply higher trade throughout the majority of the session. Some traders are pointing to the rumored wheat business, which appears to have been done at prices that weren't the cheapest available, as reason to be optimistic on China bean buying, as perhaps this indicates they may also be willing to buy US soy despite it not being the cheapest option available. China has long been a buyer of need and is known to only make purchases at the lowest price available, though there appear to be some who feel that maybe this is changing. Color us skeptical.
🌾 Wheat Market Update Wheat futures saw a higher day of trade on Wednesday, led to the upside by some ideas that maybe the southern hemisphere crop isn't quite as big as previously feared on wet weather in eastern Australia and also wet weather and some frost concerns in Argentina. Otherwise, cash rumors on the alleged Chinese purchases from earlier this week continue to be one of the bigger talking points throughout the space, with global values mostly still dead in the water despite the rally in US futures. Until the US government comes back online, rumors will likely dominate the cash side of the market. ... See MoreSee Less
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