CORN deliveries beginning 1-14-26 are eligible for:
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.
CORN deliveries beginning 1-14-26 are eligible for:
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.
BEAN deliveries beginning 1-14-26 are eligible for:
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.
BEAN deliveries beginning 1-14-26 are eligible for:
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.
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. Grain prices are mixed this morning, and nearby spreads are firmer again. Crude is flat with equity futures higher. Quiet start overall. President Trump is speaking this morning, with most expecting an update on Iran. The two-week ceasefire expires tomorrow. Iran confirmed late last night that they will send a delegation to discuss talks with the U.S., but we will see if they show up. There has been no real change in the direction of the war recently as the Strait remains mostly closed. The Midwest weather warms up starting today with a mostly warm week expected. A few rain chances show up this week with the best chances on Friday. It is assumed that most areas will try some fieldwork prior to then. The extended forecast advertises a cooler temperature profile. The crop progress report showed corn planting at 11%, which was up 6% from last week. Kentucky was up 24% to 48% planted and Tennessee was up 22% to 64% planted. Iowa continues to be slow at just 2% planted on corn. Soybeans are 12% planted, up 6% from last week. Tennessee is 50% planted on beans and KY is 33% planted. Illinois is historically strong at 20% planted. The Delta is making good progress as well as conditions continue to be very dry in the southeast. Winter wheat is rated 30% good to excellent, which was down 4% from last week. Kansas ratings dropped another 8% to 24% G/EX. Oklahoma was steady at 10% G/EX. Spring wheat is 12% planted, which is on the 5-year average. The weather models are still showing some rain chances in the western plains during the first week of May, but it will be dry until then. Heavy rains are slated across the southern half of the Midwest with more rains slated for parts of Iowa, where planting is slow. Brazil is 92% harvested on soybeans. The 2nd corn crop there is in relatively good shape, but some areas did go in later than desired. This pushes more of the critical phase for the corn back into the dry/chilly season so timely rains will be needed past the normal time frames to maximize the crop potential. Something to keep an eye on. May options expire on Friday. First notice day for May futures is next week. May corn continues to hold support in the $4.46 ½ area, but not for sure anyone cares as the producer continues to be quiet. Basis level changes were quiet yesterday, with the river holding significant improvements over the last few days. Have a safe day. ... See MoreSee Less
🌽 Corn Market Update Corn ended quietly higher on Monday. CN26 resistance sits at $4.62 1/2, which was last week's high. Ethanol margins remain profitable. We estimate central Iowa ethanol margins between 40 to 45¢/ bu. nearby through June. Demand for export corn and a lack of producer selling continues to keep Gulf and PNW values supported. Mexico is said to be shopping for July corn and Saudia Arabia for August corn. Short term, the corn market is expected to be influenced by the happenings in the Middle East, so more choppy/sideways trade would not be unexpected. Fundamentally, we are starting with larger corn acreage intentions than expected so traders will be monitoring planting progress and weather closely the next several weeks.
🌱 Soybean Market Update Soybeans started the week mixed. SN26 futures are consolidating in an $11.55 to $12.00 range. Bean and meal spreads weakened while oil spreads firmed. May board crush closed higher at $3.15 1/2. Attention remains on China ahead of the mid May Trump/Xi Summit. China remains absent in regard to new soybeans purchased from the U.S. but were reported to be a more active buyer of Brazilian beans last week. Much of the activity was for May/June, but some purchases were noted out in February, March, and April 2027. China remains a longer term wildcard for U.S. demand.
🌾 Wheat Market Update The Kansas City wheat premium over Chicago futures traded to a new high overnight. Wheat futures were supported today by short covering sparked by continued dry conditions across the Western Plains as well as recent freeze damage. NOAA has 60% of the U.S. in some level of drought conditions as of early April, centered mostly on the S & W Great Plains. Attention now turns to this afternoon’s crop progress report, where traders expect a slight decline in winter wheat conditions, although damage from this weekend’s frost will likely not be known for a bit. Outside of weather and positioning, the wheat market saw limited fresh headlines. ... See MoreSee Less
Good morning. Grain prices are mixed this morning, and nearby spreads are firmer again. Crude is flat with equity futures higher. Quiet start overall. President Trump is speaking this morning, with most expecting an update on Iran. The two-week ceasefire expires tomorrow. Iran confirmed late last night that they will send a delegation to discuss talks with the U.S., but we will see if they show up. There has been no real change in the direction of the war recently as the Strait remains mostly closed. The Midwest weather warms up starting today with a mostly warm week expected. A few rain chances show up this week with the best chances on Friday. It is assumed that most areas will try some fieldwork prior to then. The extended forecast advertises a cooler temperature profile. The crop progress report showed corn planting at 11%, which was up 6% from last week. Kentucky was up 24% to 48% planted and Tennessee was up 22% to 64% planted. Iowa continues to be slow at just 2% planted on corn. Soybeans are 12% planted, up 6% from last week. Tennessee is 50% planted on beans and KY is 33% planted. Illinois is historically strong at 20% planted. The Delta is making good progress as well as conditions continue to be very dry in the southeast. Winter wheat is rated 30% good to excellent, which was down 4% from last week. Kansas ratings dropped another 8% to 24% G/EX. Oklahoma was steady at 10% G/EX. Spring wheat is 12% planted, which is on the 5-year average. The weather models are still showing some rain chances in the western plains during the first week of May, but it will be dry until then. Heavy rains are slated across the southern half of the Midwest with more rains slated for parts of Iowa, where planting is slow. Brazil is 92% harvested on soybeans. The 2nd corn crop there is in relatively good shape, but some areas did go in later than desired. This pushes more of the critical phase for the corn back into the dry/chilly season so timely rains will be needed past the normal time frames to maximize the crop potential. Something to keep an eye on. May options expire on Friday. First notice day for May futures is next week. May corn continues to hold support in the $4.46 ½ area, but not for sure anyone cares as the producer continues to be quiet. Basis level changes were quiet yesterday, with the river holding significant improvements over the last few days. Have a safe day. ... See MoreSee Less
🌽 Corn Market Update Corn ended quietly higher on Monday. CN26 resistance sits at $4.62 1/2, which was last week's high. Ethanol margins remain profitable. We estimate central Iowa ethanol margins between 40 to 45¢/ bu. nearby through June. Demand for export corn and a lack of producer selling continues to keep Gulf and PNW values supported. Mexico is said to be shopping for July corn and Saudia Arabia for August corn. Short term, the corn market is expected to be influenced by the happenings in the Middle East, so more choppy/sideways trade would not be unexpected. Fundamentally, we are starting with larger corn acreage intentions than expected so traders will be monitoring planting progress and weather closely the next several weeks.
🌱 Soybean Market Update Soybeans started the week mixed. SN26 futures are consolidating in an $11.55 to $12.00 range. Bean and meal spreads weakened while oil spreads firmed. May board crush closed higher at $3.15 1/2. Attention remains on China ahead of the mid May Trump/Xi Summit. China remains absent in regard to new soybeans purchased from the U.S. but were reported to be a more active buyer of Brazilian beans last week. Much of the activity was for May/June, but some purchases were noted out in February, March, and April 2027. China remains a longer term wildcard for U.S. demand.
🌾 Wheat Market Update The Kansas City wheat premium over Chicago futures traded to a new high overnight. Wheat futures were supported today by short covering sparked by continued dry conditions across the Western Plains as well as recent freeze damage. NOAA has 60% of the U.S. in some level of drought conditions as of early April, centered mostly on the S & W Great Plains. Attention now turns to this afternoon’s crop progress report, where traders expect a slight decline in winter wheat conditions, although damage from this weekend’s frost will likely not be known for a bit. Outside of weather and positioning, the wheat market saw limited fresh headlines. ... See MoreSee Less
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