The Paxton location will be closed on Wednesday Sept. 9th & Thursday Sept. 10th.
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)
10/20/26 MIDCO AFTERNOON COMMENTS
10/19/26 MIDCO AFTERNOON COMMENTS 0 CommentsComment on Facebook
Losing streaks were extended across the ag space Tuesday, with an overnight rally failing into the day session on further long liquidation by the funds and an ongoing lack of any sort of offsetting bullish input. While boring, it was largely the same type of trade that was had to start the week yesterday, as markets are searching for a seasonal bottom amid good harvest progress and a good start to the season planting-wise in South America.
🌽 Corn Market Update
It was a slow news day in the corn market, with prices lower on more ongoing long liquidation by the funds and really little new otherwise. Harvest progress yesterday afternoon maybe wasn't quite as far along as most had expected, but forecasts would lead one to believe pace will pick up this week. While the farmer selling hasn't been overly the heavy the last couple days, this could keep a lid on any sort of sizeable upside price action short term, though we still think seasonal bottoms should be closer to being formed than not. Remember, there is still quite a bit of risk both geopolitically and from El Niño, and we imagine the funds aren't going to fully liquidate their long position so long as that's the case.
🌱 Soybean Market Update
Soybean oil was able to barely hold onto early morning energy market strength on Tuesday, but the beans and meal again closed lower on more fund liquidation. Part of the reason funds were long the bean market all summer in the first place was that they were optimistic China's buying would end up being larger than anticipated. Now, most feel that their buying is largely known for the most part at least into January, and this, along with a good start to planting in Brazil, has had funds getting out of long positions over the last couple weeks. Similar to the conversation had with corn we would see the demand situation as limiting managed money from entirely exiting their long position, but this could change should it start to appear as though global trade will shift to Brazil again in January/February.
🌾 Wheat Market Update
Wheat futures saw the biggest losses of the group Tuesday, as long liquidation in the other markets has translated to selling in the wheat space. Funds were using the wheat as the short leg of spreads previously, but now seem to be just wanting to be short the market in general despite there being nothing new on the war and there still questions related to El Niño and its effect on weather in the southern hemisphere. We talked about the possibility for a counter seasonal bottom yesterday later in November ahead of December deliveries, and gains in open interest so far this week, presumably in that December contract, would lend further justification to this idea.
...
Long liquidation appears to be another ongoing theme this week at the CBOT, with markets lower across the board on Monday amid what continues to be a lack of new bullish input and as harvest across the Midwest chugs along at near full speed. The selling pushed row-crop futures prices to new lows for the down move, but seasonal lows due in the next few weeks should keep markets somewhat supported into the back half of harvest. Farmer hedge selling, in theory, should also begin to lessen beyond the next 10 days or so.
🌽 Corn Market Update
The corn market did some fresh chart damage Monday, closing lower and taking out the report day low from ten days ago as outside of the stalled situation in the Black Sea, there continues to be little in the way of bullish fundamentals for traders to grab ahold of. El Niño was supposed to be friendly prices from a production standpoint, but so far, its been nearly just the opposite as good early soybean planting pace has already began to set the table for timely planting of the safrinha corn crop in another few months. There will obviously be longer term questions still due to the bulk of Brazil's corn production being the result of weather in March/April/May, but at least for now, South American production prospects (Argentina included) on top of the extra bushels found by the USDA in recent weeks have taken a bit of the bite out of El Niño.
🌱 Soybean Market Update
The soy complex was lower to start the week, with the beans scoring another new low for the move and the oil trading to nearly its lowest level since mid/early summer on what we assume to be a mix of further long liquidation and farmer selling, similar to the situation discussed with corn. While the seemingly growing-by-the-day crop in the US is a big enough problem for the bulls, a rather rapid advancement of planting progress in Brazil is only adding to the bearish sentiment and its this combination that has led spot bean futures to close lower in eight of the last ten sessions. Chinese buying is largely a known line item at this point, with the market curious as to what happens with the currently good demand landscape into the new year.
🌾 Wheat Market Update
Wheat futures continue to broadly shrug off developments in the Black Sea region, with attacks ongoing but futures prices in the US again lower and at their lowest level since early August. Seasonally, the wheat market has a tendency to rally through most of the month of the October, but this clearly hasn't been the case year. That said though, perhaps the selling and subsequent resulting short position may lead to a counter-seasonal rally later into winter amid the shorts needing to exit or roll December futures in another month+. There was generally little new of note otherwise in wheat world on Monday.
...
10/20/26 MIDCO AFTERNOON COMMENTS
Losing streaks were extended across the ag space Tuesday, with an overnight rally failing into the day session on further long liquidation by the funds and an ongoing lack of any sort of offsetting bullish input. While boring, it was largely the same type of trade that was had to start the week yesterday, as markets are searching for a seasonal bottom amid good harvest progress and a good start to the season planting-wise in South America.
🌽 Corn Market Update
It was a slow news day in the corn market, with prices lower on more ongoing long liquidation by the funds and really little new otherwise. Harvest progress yesterday afternoon maybe wasn't quite as far along as most had expected, but forecasts would lead one to believe pace will pick up this week. While the farmer selling hasn't been overly the heavy the last couple days, this could keep a lid on any sort of sizeable upside price action short term, though we still think seasonal bottoms should be closer to being formed than not. Remember, there is still quite a bit of risk both geopolitically and from El Niño, and we imagine the funds aren't going to fully liquidate their long position so long as that's the case.
🌱 Soybean Market Update
Soybean oil was able to barely hold onto early morning energy market strength on Tuesday, but the beans and meal again closed lower on more fund liquidation. Part of the reason funds were long the bean market all summer in the first place was that they were optimistic China's buying would end up being larger than anticipated. Now, most feel that their buying is largely known for the most part at least into January, and this, along with a good start to planting in Brazil, has had funds getting out of long positions over the last couple weeks. Similar to the conversation had with corn we would see the demand situation as limiting managed money from entirely exiting their long position, but this could change should it start to appear as though global trade will shift to Brazil again in January/February.
🌾 Wheat Market Update
Wheat futures saw the biggest losses of the group Tuesday, as long liquidation in the other markets has translated to selling in the wheat space. Funds were using the wheat as the short leg of spreads previously, but now seem to be just wanting to be short the market in general despite there being nothing new on the war and there still questions related to El Niño and its effect on weather in the southern hemisphere. We talked about the possibility for a counter seasonal bottom yesterday later in November ahead of December deliveries, and gains in open interest so far this week, presumably in that December contract, would lend further justification to this idea.
...
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10/19/26 MIDCO AFTERNOON COMMENTS
Long liquidation appears to be another ongoing theme this week at the CBOT, with markets lower across the board on Monday amid what continues to be a lack of new bullish input and as harvest across the Midwest chugs along at near full speed. The selling pushed row-crop futures prices to new lows for the down move, but seasonal lows due in the next few weeks should keep markets somewhat supported into the back half of harvest. Farmer hedge selling, in theory, should also begin to lessen beyond the next 10 days or so.
🌽 Corn Market Update
The corn market did some fresh chart damage Monday, closing lower and taking out the report day low from ten days ago as outside of the stalled situation in the Black Sea, there continues to be little in the way of bullish fundamentals for traders to grab ahold of. El Niño was supposed to be friendly prices from a production standpoint, but so far, its been nearly just the opposite as good early soybean planting pace has already began to set the table for timely planting of the safrinha corn crop in another few months. There will obviously be longer term questions still due to the bulk of Brazil's corn production being the result of weather in March/April/May, but at least for now, South American production prospects (Argentina included) on top of the extra bushels found by the USDA in recent weeks have taken a bit of the bite out of El Niño.
🌱 Soybean Market Update
The soy complex was lower to start the week, with the beans scoring another new low for the move and the oil trading to nearly its lowest level since mid/early summer on what we assume to be a mix of further long liquidation and farmer selling, similar to the situation discussed with corn. While the seemingly growing-by-the-day crop in the US is a big enough problem for the bulls, a rather rapid advancement of planting progress in Brazil is only adding to the bearish sentiment and its this combination that has led spot bean futures to close lower in eight of the last ten sessions. Chinese buying is largely a known line item at this point, with the market curious as to what happens with the currently good demand landscape into the new year.
🌾 Wheat Market Update
Wheat futures continue to broadly shrug off developments in the Black Sea region, with attacks ongoing but futures prices in the US again lower and at their lowest level since early August. Seasonally, the wheat market has a tendency to rally through most of the month of the October, but this clearly hasn't been the case year. That said though, perhaps the selling and subsequent resulting short position may lead to a counter-seasonal rally later into winter amid the shorts needing to exit or roll December futures in another month+. There was generally little new of note otherwise in wheat world on Monday.
...
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0 CommentsComment on Facebook