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)
8/3/26 MIDCO AFTERNOON COMMENTS
Photos from Cleveland Ave Custom Confections's post
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🌽 Corn Market Update
Corn futures got off to a higher start on Monday after taking out last week's low in the overnight session, reversing to the upside on a return to crop focus and as there continue to be headlines of new attacks and disruptions in the Black Sea region. As far as the crop goes, most are under the impression that the national average yield will fall somewhere below the 183.0 bu/acre forecast by the USDA today; this, along with losses in Europe due to record drought and a lack of export ability out of the Black Sea, are why the overall situation in the market has a bullish lean and why we have said breaks should be more corrective features than anything else. Traders desire to know more about northern hemisphere crop sizes, and while supported overall, volatility likely stays elevated in the market until that happens.
🌱 Soybean Market Update
The soy complex finished higher to start the week on Monday, driven in part by a late-session pop in the bean oil market on an EPA announcement regarding small refinery exemptions. Futures were already higher for much of the morning ahead of the headlines, but the news put an exclamation point on what was a bullish start to August amid more China buying and a warm weather forecast for the month that will likely lead to a bigger yield debate in the weeks ahead should it verify. Crush expansion news out of ADM last week also put a firm undertone in the market today, though this demand isn't likely to be felt for another couple years. Global demand for renewable fuels and political buying on the part of the Chinese should, like we've talked about the last couple weeks, at least keep some sort of support under the market.
🌾 Wheat Market Update
Like corn, the wheat market on Monday traded below last week's lows throughout the overnight session but then recovered into the end of the day and finished steadily in the green on more Black Sea-related buying and as overall world grain fundamentals remain more friendly than not.
... See MoreSee Less
8/3/26 MIDCO AFTERNOON COMMENTS
🌽 Corn Market Update
Corn futures got off to a higher start on Monday after taking out last week's low in the overnight session, reversing to the upside on a return to crop focus and as there continue to be headlines of new attacks and disruptions in the Black Sea region. As far as the crop goes, most are under the impression that the national average yield will fall somewhere below the 183.0 bu/acre forecast by the USDA today; this, along with losses in Europe due to record drought and a lack of export ability out of the Black Sea, are why the overall situation in the market has a bullish lean and why we have said breaks should be more corrective features than anything else. Traders desire to know more about northern hemisphere crop sizes, and while supported overall, volatility likely stays elevated in the market until that happens.
🌱 Soybean Market Update
The soy complex finished higher to start the week on Monday, driven in part by a late-session pop in the bean oil market on an EPA announcement regarding small refinery exemptions. Futures were already higher for much of the morning ahead of the headlines, but the news put an exclamation point on what was a bullish start to August amid more China buying and a warm weather forecast for the month that will likely lead to a bigger yield debate in the weeks ahead should it verify. Crush expansion news out of ADM last week also put a firm undertone in the market today, though this demand isn't likely to be felt for another couple years. Global demand for renewable fuels and political buying on the part of the Chinese should, like we've talked about the last couple weeks, at least keep some sort of support under the market.
🌾 Wheat Market Update
Like corn, the wheat market on Monday traded below last week's lows throughout the overnight session but then recovered into the end of the day and finished steadily in the green on more Black Sea-related buying and as overall world grain fundamentals remain more friendly than not.
... See MoreSee Less
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Photos from Cleveland Ave Custom Confections's post ... See MoreSee Less
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0 CommentsComment on Facebook