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)
8/10/26 MIDCO AFTERNOON COMMENTS
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🌽 Corn Market Update
The corn market closed lower on Monday, trading quietly throughout the session on limited new news outside of the yield debate that is just starting to get going. Unlike last year, when record yields were being discussed at this point in the season, the big question this year is just how much loss occurred in the west and northwest and how much is it going to hurt the national average. It's assumed by most today that the USDA is going to have to make some sort of cut in the months ahead, but the balance sheet looks a lot different with a yield figure of 177.0 or 178.0 penciled in than it does 181.0 or 182.0. With demand as good as it is and the situation on the other side of the world looking like it should allow it to stay that way, there simply isn't a lot of wiggle room for a loss of bushels this fall.
🌱 Soybean Market Update
The soy complex started the week mixed on Monday, with the beans and oil higher and the meal lower on what was a wait-and-see type day ahead of the Wednesday WASDE update. Much of the trade's focus will be here and on what kind of crop adjustments are made this month for the week this week, but there also be an eye kept on the daily sales wire to see whether China stays on pace to make good on its 25 million ton purchase agreement. Otherwise, weather forecasts for the rest of the month today, while not perfect, also don't appear to be overly threatening as there appears to be a good mix of rain and sunshine in the forecast still for the next couple weeks and we imagine this will keep things somewhat limited on the upside without a curveball from the USDA on Wednesday.
🌾 Wheat Market Update
Wheat futures closed quietly higher on Monday, with little new in the market specifically but still a lot of focus on the ongoing situation in the Black Sea region between Russia and Ukraine. Headlines obviously continue to still be supportive, but the futures market typically doesn't trade one headline for an extended period time and this has led as to wonder just how much further upside remains should the status quo in the region stay the way it is today. Put another way, has the most extreme fear regarding been the situation been traded already or is that yet to come still should tensions continue to escalate? This will likely be one of the bigger questions for the market in the short term.
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8/10/26 MIDCO AFTERNOON COMMENTS
🌽 Corn Market Update
The corn market closed lower on Monday, trading quietly throughout the session on limited new news outside of the yield debate that is just starting to get going. Unlike last year, when record yields were being discussed at this point in the season, the big question this year is just how much loss occurred in the west and northwest and how much is it going to hurt the national average. It's assumed by most today that the USDA is going to have to make some sort of cut in the months ahead, but the balance sheet looks a lot different with a yield figure of 177.0 or 178.0 penciled in than it does 181.0 or 182.0. With demand as good as it is and the situation on the other side of the world looking like it should allow it to stay that way, there simply isn't a lot of wiggle room for a loss of bushels this fall.
🌱 Soybean Market Update
The soy complex started the week mixed on Monday, with the beans and oil higher and the meal lower on what was a wait-and-see type day ahead of the Wednesday WASDE update. Much of the trade's focus will be here and on what kind of crop adjustments are made this month for the week this week, but there also be an eye kept on the daily sales wire to see whether China stays on pace to make good on its 25 million ton purchase agreement. Otherwise, weather forecasts for the rest of the month today, while not perfect, also don't appear to be overly threatening as there appears to be a good mix of rain and sunshine in the forecast still for the next couple weeks and we imagine this will keep things somewhat limited on the upside without a curveball from the USDA on Wednesday.
🌾 Wheat Market Update
Wheat futures closed quietly higher on Monday, with little new in the market specifically but still a lot of focus on the ongoing situation in the Black Sea region between Russia and Ukraine. Headlines obviously continue to still be supportive, but the futures market typically doesn't trade one headline for an extended period time and this has led as to wonder just how much further upside remains should the status quo in the region stay the way it is today. Put another way, has the most extreme fear regarding been the situation been traded already or is that yet to come still should tensions continue to escalate? This will likely be one of the bigger questions for the market in the short term.
... See MoreSee Less
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