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)
10/13/26 MIDCO AFTERNOON COMMENTS
10/13/26 MIDCO MORNING COMMENTS 0 CommentsComment on Facebook
It was more of the same across Chicago ag futures markets on Tuesday, with the space closing mostly quietly lower in what continues to be choppy, directionless trade following last week's doozy of a WASDE update. The products saw the biggest downside moves today from a percentage standpoint, but overall feel and market sentiment was much the same as yesterday with spot corn and soybean futures barely mustering a more than 3 cent trading range the last hour+ of the day.
🌽 Corn Market Update
Traders are continuing to debate the USDA's production figures and subsequent gain in ending stocks in the corn market from last week, with there little new of note otherwise over the last couple days and harvest now just about in full swing. Farmer hedge selling has been over shadowed a bit by fund liquidation to this point, but we would imagine this increases as they begin to move out of beans and back into corn. Outside of the US, European corn futures rallied to new contract highs on Tuesday on more crop cuts in France, but the numbers didn't do anything to change overall sentiment in the market for the most part with the drought situation there this summer largely known.
🌱 Soybean Market Update
It was the oil that stole the show a bit in the soy complex on Tuesday, with futures seeing gains of more than a penny/lb through the first part of the morning session but then diving lower into the afternoon on what could've been buy the rumor, sell the fact type trading in regards to the EPA announcement. In other news, there were cash rumors that China was back in the market for new purchases but no evidence of such to this point, and meal futures also saw lower trade on the day though there wasn't a lot of reason given for the selling.
🌾 Wheat Market Update
Wheat futures trade quietly for a second straight day this week, finishing just barely in the red on what continues to be a lack of anything substantial out of the Black Sea and as cash offers in Europe continue to indicate that there remains an adequate amount of supply available. The higher trade in European corn futures also spilled into European wheat markets which could help US futures the rest of the week, but we imagine trade stays choppier than not amid the ongoing back and forth headlines regarding the situation in the Black Sea.
...
Good morning. It is another mixed overnight session as volumes are thinner compared to Friday’s big day. The banks are back open, and the USDA returns to work. Export inspections and crop progress will be out today. Another warm day is in store before a rain system brings cooler air tomorrow. The heaviest totals will be in Kansas/Missouri, but some remnants will fall in Illinois through Thursday. The highs on Friday, along with the wind, will feel like winter compared to early this week. The extended forecast is warmer, though, with rain chances still present later next week. The bean dust was heavy last night as I drove across interstate 80 through Iowa. It is the final day of the index roll for November contracts. President Trump continues to urge Russia and Ukraine to meet to end the war. Russia attacked Ukraine again overnight but did not focus on any energy infrastructure. Not sure if that is related the President Trump’s plea to avoid energy facilities or not. High energy prices remain a big concern for politicians as they approach midterms. December corn held the 200-day ($4.79 ½) yesterday and is up against resistance at the 100-day ($4.84 ¾) this morning. Same old range for November beans. China has been quiet since it returned from holiday, which is causing beans to relax a bit. With the report behind the market and the corn shock easing a bit, more sideways trade is expected. With production news limited now for a bit, the focus returns to demand. The weather in South America is allowing planting there to get off to a decent start but Super El Nino looms in the background. It’s just a bit early to be too concerned yet. Another quiet session is expected. Have a safe day.
...
10/13/26 MIDCO AFTERNOON COMMENTS
It was more of the same across Chicago ag futures markets on Tuesday, with the space closing mostly quietly lower in what continues to be choppy, directionless trade following last week's doozy of a WASDE update. The products saw the biggest downside moves today from a percentage standpoint, but overall feel and market sentiment was much the same as yesterday with spot corn and soybean futures barely mustering a more than 3 cent trading range the last hour+ of the day.
🌽 Corn Market Update
Traders are continuing to debate the USDA's production figures and subsequent gain in ending stocks in the corn market from last week, with there little new of note otherwise over the last couple days and harvest now just about in full swing. Farmer hedge selling has been over shadowed a bit by fund liquidation to this point, but we would imagine this increases as they begin to move out of beans and back into corn. Outside of the US, European corn futures rallied to new contract highs on Tuesday on more crop cuts in France, but the numbers didn't do anything to change overall sentiment in the market for the most part with the drought situation there this summer largely known.
🌱 Soybean Market Update
It was the oil that stole the show a bit in the soy complex on Tuesday, with futures seeing gains of more than a penny/lb through the first part of the morning session but then diving lower into the afternoon on what could've been buy the rumor, sell the fact type trading in regards to the EPA announcement. In other news, there were cash rumors that China was back in the market for new purchases but no evidence of such to this point, and meal futures also saw lower trade on the day though there wasn't a lot of reason given for the selling.
🌾 Wheat Market Update
Wheat futures trade quietly for a second straight day this week, finishing just barely in the red on what continues to be a lack of anything substantial out of the Black Sea and as cash offers in Europe continue to indicate that there remains an adequate amount of supply available. The higher trade in European corn futures also spilled into European wheat markets which could help US futures the rest of the week, but we imagine trade stays choppier than not amid the ongoing back and forth headlines regarding the situation in the Black Sea.
...
0 CommentsComment on Facebook
10/13/26 MIDCO MORNING COMMENTS
Good morning. It is another mixed overnight session as volumes are thinner compared to Friday’s big day. The banks are back open, and the USDA returns to work. Export inspections and crop progress will be out today. Another warm day is in store before a rain system brings cooler air tomorrow. The heaviest totals will be in Kansas/Missouri, but some remnants will fall in Illinois through Thursday. The highs on Friday, along with the wind, will feel like winter compared to early this week. The extended forecast is warmer, though, with rain chances still present later next week. The bean dust was heavy last night as I drove across interstate 80 through Iowa. It is the final day of the index roll for November contracts. President Trump continues to urge Russia and Ukraine to meet to end the war. Russia attacked Ukraine again overnight but did not focus on any energy infrastructure. Not sure if that is related the President Trump’s plea to avoid energy facilities or not. High energy prices remain a big concern for politicians as they approach midterms. December corn held the 200-day ($4.79 ½) yesterday and is up against resistance at the 100-day ($4.84 ¾) this morning. Same old range for November beans. China has been quiet since it returned from holiday, which is causing beans to relax a bit. With the report behind the market and the corn shock easing a bit, more sideways trade is expected. With production news limited now for a bit, the focus returns to demand. The weather in South America is allowing planting there to get off to a decent start but Super El Nino looms in the background. It’s just a bit early to be too concerned yet. Another quiet session is expected. Have a safe day.
...
0 CommentsComment on Facebook
0 CommentsComment on Facebook