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. Holiday week. Wednesday is an early close and then no markets until Friday morning. Normal close on Friday. Grain prices are mostly higher as the holiday mode has allowed for some light buying to dictate the mood so far. March corn traded above the 200-day (4.46 ¼) overnight and January beans are right on its own 200-day ($10.54 ¾) this morning. Wheat is better as well with the $5.05 area holding late last week in the March contract. Crude is higher on the political uncertainty in Venezuela and gold is into new all-time highs this morning. Good day so far for commodities. Export inspections will be out this morning. Export sales for the week ending December 4th will be released this morning. With the Government being shut down Wednesday and Friday, the export sales report for this Friday will be released tomorrow. It will be nice when all that is finally caught up. January options expire on Friday. China imported 8.1 MMT of beans in November and the year-to-date total now sits at 103.79 MMT of beans. Of that yearly total, Brazil accounted for 76.7 MMT, Argentina is at 6.24, and the U.S. contributed 16.82 MMT. The cattle on feed report showed placements down 11% from a year ago and on-feed numbers down 2% year over year. Warm weather will dominate the Midwest this week with highs near 60 on Christmas. There will be a couple of small rain chances this week. Looks like a big cooldown in is store for early next week. River logistics are still backed up so we will see how this warmer weather treats things. Not much change in the South American weather over the weekend. Still feels like a push to the old highs will be needed to engage the producer again, and that is closer on corn than soybeans. Have a safe day. ... See MoreSee Less
🌽 Corn Market Update Quiet closes in the corn market to end the week this week, with low volume leading to small ranging, uneventful trade going into the weekend. Looking at the big picture, corn has a demand story; but the problem is that the market knows this story. The market is aware exports have been at a record pace, but its also aware that supplies are at near record levels and are sufficient enough to cover this demand. If South America has dryness issues that lead to yield loss in March/April/May then values could see rally potential back up towards $5, but if this doesn't occur, it will take a massive drop in acres from 2025 to spur any sort of bigger picture rally.
🌱 Soybean Market Update Like the corn market, the soy complex saw quietly lower trade to end the week this week despite another announced flash sale to China this morning. We've talked about this in the past, but we just see the China business as old news at this point. If China buys the expected 12 MMTs of US beans that have been talked about for weeks now, does the market all of a sudden rally? We find it doubtful. Its buying beyond this level that could potentially get the market excited; otherwise, we find it more likely than not that if China buys what is currently expected, it probably only makes the current USDA export forecast accurate, but doesn't make it understated. The other elephant in the room that is seemingly getting pushed to the back burner is the 175+ MMT crop that is about to be harvested in Brazil, and that will likely all but wipe out our export program unless China keeps buying for political purposes.
🌾 Wheat Market Update For the second straight session wheat futures were narrowly able to avoid dropping to new contract lows, as buyers were just present enough to keep the market's head above for the duration of the day. Like the other markets, we have little new to discuss here ahead of next week's holiday as a majority of the trade, especially the European portion in this case, have likely already put a bow on 2025. Global supply surpluses will likely continue dominating price trends into the first half of 2026, with it remaining the case that outside of a new geopolitical flashpoint somewhere, it likely takes a production hiccup from one of the world's major producers to get a rally going. ... See MoreSee Less
Good morning. Holiday week. Wednesday is an early close and then no markets until Friday morning. Normal close on Friday. Grain prices are mostly higher as the holiday mode has allowed for some light buying to dictate the mood so far. March corn traded above the 200-day (4.46 ¼) overnight and January beans are right on its own 200-day ($10.54 ¾) this morning. Wheat is better as well with the $5.05 area holding late last week in the March contract. Crude is higher on the political uncertainty in Venezuela and gold is into new all-time highs this morning. Good day so far for commodities. Export inspections will be out this morning. Export sales for the week ending December 4th will be released this morning. With the Government being shut down Wednesday and Friday, the export sales report for this Friday will be released tomorrow. It will be nice when all that is finally caught up. January options expire on Friday. China imported 8.1 MMT of beans in November and the year-to-date total now sits at 103.79 MMT of beans. Of that yearly total, Brazil accounted for 76.7 MMT, Argentina is at 6.24, and the U.S. contributed 16.82 MMT. The cattle on feed report showed placements down 11% from a year ago and on-feed numbers down 2% year over year. Warm weather will dominate the Midwest this week with highs near 60 on Christmas. There will be a couple of small rain chances this week. Looks like a big cooldown in is store for early next week. River logistics are still backed up so we will see how this warmer weather treats things. Not much change in the South American weather over the weekend. Still feels like a push to the old highs will be needed to engage the producer again, and that is closer on corn than soybeans. Have a safe day. ... See MoreSee Less
🌽 Corn Market Update Quiet closes in the corn market to end the week this week, with low volume leading to small ranging, uneventful trade going into the weekend. Looking at the big picture, corn has a demand story; but the problem is that the market knows this story. The market is aware exports have been at a record pace, but its also aware that supplies are at near record levels and are sufficient enough to cover this demand. If South America has dryness issues that lead to yield loss in March/April/May then values could see rally potential back up towards $5, but if this doesn't occur, it will take a massive drop in acres from 2025 to spur any sort of bigger picture rally.
🌱 Soybean Market Update Like the corn market, the soy complex saw quietly lower trade to end the week this week despite another announced flash sale to China this morning. We've talked about this in the past, but we just see the China business as old news at this point. If China buys the expected 12 MMTs of US beans that have been talked about for weeks now, does the market all of a sudden rally? We find it doubtful. Its buying beyond this level that could potentially get the market excited; otherwise, we find it more likely than not that if China buys what is currently expected, it probably only makes the current USDA export forecast accurate, but doesn't make it understated. The other elephant in the room that is seemingly getting pushed to the back burner is the 175+ MMT crop that is about to be harvested in Brazil, and that will likely all but wipe out our export program unless China keeps buying for political purposes.
🌾 Wheat Market Update For the second straight session wheat futures were narrowly able to avoid dropping to new contract lows, as buyers were just present enough to keep the market's head above for the duration of the day. Like the other markets, we have little new to discuss here ahead of next week's holiday as a majority of the trade, especially the European portion in this case, have likely already put a bow on 2025. Global supply surpluses will likely continue dominating price trends into the first half of 2026, with it remaining the case that outside of a new geopolitical flashpoint somewhere, it likely takes a production hiccup from one of the world's major producers to get a rally going. ... See MoreSee Less
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