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
Why Choose the Average Pricing Program?
Ludlow Coop’s Average Pricing Program
Set Weeks: February 11 – June 24, 2026
Patron’s Choice Average Pricing Contract
Your Choice of Consecutive Weeks
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6/30/26 MIDCO MORNING COMMENTS
6/29/26 MIDCO AFTERNOON COMMENTS 0 CommentsComment on Facebook
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Good morning. Grain prices tried the upside last night but have now resumed its recent stance with slightly lower levels this morning. Corn is trading in an inside day so far with beans trading slightly lower than yesterday’s low. Crude is up slightly as the $70 level has caught most of the trading range in recent sessions. A group of folks are heading to Qatar today to discuss the memorandum of understanding about a conflict solution. Today is first notice day with deliveries relatively light for corn, beans, and wheat. Corn deliveries totaled 44 contracts, beans at 31 contracts, and wheat at 25 contracts. On the heavier side for deliveries, KC wheat was 443 contracts, rough rice at 662, and bean oil at 729. Please continue to review your July positions and get them cleaned up. The crop progress report showed corn ratings down 1% to 67% good to excellent. Bean ratings were also down 1% to 65% good to excellent. The maturity levels for corn and soybeans are running ahead of average. Wheat is 48% harvested. It will continue to be a warm week with precip limited this week for the heart of the Midwest. That dryness relief is needed. Temps do cool down a touch after the holiday weekend, which will also favor a few more shower chances as well. Today marks the end of the month, end of the quarter, and halfway mark for the year. The crop report will be out later this morning. Estimates are listed below. Corn stocks for June 1st are slated to be the highest in nearly 40 years. It is expected that on-farm stocks will be high. The trade is looking for corn acres to be slightly lower, but a higher number wouldn’t be a surprise. Corn acres have been higher from March to June in 4 out of the last 5 years. Bean acres are expected to be higher, but bean acres have been lower from March to June in each of the last 5 years. This end of June report typically results in heightened volatility, so please review your offers. Likely there are not many. Good luck with the report. Have a safe day.
Price limits (just in case)
Corn: 30 cents
Beans: 85 cents
Wheat: 45 cents
... See MoreSee Less
🌽 Corn Market Update
Corn futures started the week lower on Monday, scoring another round of new contract lows and also dropping below the $4 level on the old crop for the first time since last fall on a combination of improving weather forecasts for July and prospects that there could be a surprise increase in Midwest planted area in tomorrow morning's update. While the planted acreage number has understandably gotten a lot of the attention over the last week, we would caution against forgetting about the stocks number, as it would appear there is likely to be a sizeable amount of grain compared to normal in farmer's hands still as of the first of the month. With exports/demand in general being what it is and weather forecasts less than perfect, we don't see a lot of argument for futures to stay below $4 for very long should they fall there. However, we also can't argue against a bearish algo reaction should acres come in above 95 million tomorrow and stocks be seen closer to 6 billion bushels than 5.
🌱 Soybean Market Update
The soy complex closed lower Monday, falling back to the lower end of recent trading ranges in all three of the beans, meal, and oil though there really wasn't a specific reason to point to for the selling. There continue to be rumblings that planted acres are going to see an adjustment higher in tomorrow's update and we assume at least a portion of today's selling was in an effort to prepare for such a headline should it happen. Otherwise, there continues to be little in terms of concrete facts in the Middle East as it pertains to bean oil, and there were also few if any new details available today regarding a looming port worker strike in Argentina. Like corn, Chinese buying prospects and the EPA's new RVO should limit the downside much below $11, but we can't rule out a bearish reaction that tests that theory should tomorrow's numbers come in on the negative side.
🌾 Wheat Market Update
Wheat futures saw quietly lower trade on Monday, drifting to new lows throughout most of the morning in sympathy with the rest of the space and as harvest hedge pressure seems to continue to be one of the bigger market factors of late. Other fresh news was largely limited, with traders making position preparations for tomorrow's acreage updates both in the US and in Canada. Elsewhere, the worst of the heat in Europe appears to have passed for the time being, but forecasts now show additional warm weather as likely into the back half of July, which could produce further crop issues. Global supplies in 2026/27 are likely to be down from the year prior, the question is by just how much.
... See MoreSee Less
6/30/26 MIDCO MORNING COMMENTS
Good morning. Grain prices tried the upside last night but have now resumed its recent stance with slightly lower levels this morning. Corn is trading in an inside day so far with beans trading slightly lower than yesterday’s low. Crude is up slightly as the $70 level has caught most of the trading range in recent sessions. A group of folks are heading to Qatar today to discuss the memorandum of understanding about a conflict solution. Today is first notice day with deliveries relatively light for corn, beans, and wheat. Corn deliveries totaled 44 contracts, beans at 31 contracts, and wheat at 25 contracts. On the heavier side for deliveries, KC wheat was 443 contracts, rough rice at 662, and bean oil at 729. Please continue to review your July positions and get them cleaned up. The crop progress report showed corn ratings down 1% to 67% good to excellent. Bean ratings were also down 1% to 65% good to excellent. The maturity levels for corn and soybeans are running ahead of average. Wheat is 48% harvested. It will continue to be a warm week with precip limited this week for the heart of the Midwest. That dryness relief is needed. Temps do cool down a touch after the holiday weekend, which will also favor a few more shower chances as well. Today marks the end of the month, end of the quarter, and halfway mark for the year. The crop report will be out later this morning. Estimates are listed below. Corn stocks for June 1st are slated to be the highest in nearly 40 years. It is expected that on-farm stocks will be high. The trade is looking for corn acres to be slightly lower, but a higher number wouldn’t be a surprise. Corn acres have been higher from March to June in 4 out of the last 5 years. Bean acres are expected to be higher, but bean acres have been lower from March to June in each of the last 5 years. This end of June report typically results in heightened volatility, so please review your offers. Likely there are not many. Good luck with the report. Have a safe day.
Price limits (just in case)
Corn: 30 cents
Beans: 85 cents
Wheat: 45 cents
... See MoreSee Less
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6/29/26 MIDCO AFTERNOON COMMENTS
🌽 Corn Market Update
Corn futures started the week lower on Monday, scoring another round of new contract lows and also dropping below the $4 level on the old crop for the first time since last fall on a combination of improving weather forecasts for July and prospects that there could be a surprise increase in Midwest planted area in tomorrow morning's update. While the planted acreage number has understandably gotten a lot of the attention over the last week, we would caution against forgetting about the stocks number, as it would appear there is likely to be a sizeable amount of grain compared to normal in farmer's hands still as of the first of the month. With exports/demand in general being what it is and weather forecasts less than perfect, we don't see a lot of argument for futures to stay below $4 for very long should they fall there. However, we also can't argue against a bearish algo reaction should acres come in above 95 million tomorrow and stocks be seen closer to 6 billion bushels than 5.
🌱 Soybean Market Update
The soy complex closed lower Monday, falling back to the lower end of recent trading ranges in all three of the beans, meal, and oil though there really wasn't a specific reason to point to for the selling. There continue to be rumblings that planted acres are going to see an adjustment higher in tomorrow's update and we assume at least a portion of today's selling was in an effort to prepare for such a headline should it happen. Otherwise, there continues to be little in terms of concrete facts in the Middle East as it pertains to bean oil, and there were also few if any new details available today regarding a looming port worker strike in Argentina. Like corn, Chinese buying prospects and the EPA's new RVO should limit the downside much below $11, but we can't rule out a bearish reaction that tests that theory should tomorrow's numbers come in on the negative side.
🌾 Wheat Market Update
Wheat futures saw quietly lower trade on Monday, drifting to new lows throughout most of the morning in sympathy with the rest of the space and as harvest hedge pressure seems to continue to be one of the bigger market factors of late. Other fresh news was largely limited, with traders making position preparations for tomorrow's acreage updates both in the US and in Canada. Elsewhere, the worst of the heat in Europe appears to have passed for the time being, but forecasts now show additional warm weather as likely into the back half of July, which could produce further crop issues. Global supplies in 2026/27 are likely to be down from the year prior, the question is by just how much.
... See MoreSee Less
0 CommentsComment on Facebook
0 CommentsComment on Facebook