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 and happy MLB Opening Day—and Illini game day. Grain markets are mixed this morning, with spreads largely steady. CK/CN saw light trade overnight (19 contracts) at -11. Crude oil is sharply higher, with May WTI up over $4/barrel. • Grain markets rallied late yesterday following news from the White House that a Trump/Xi meeting in China is scheduled for May 14–15. A reciprocal visit from Xi to the U.S. was also announced. • Weekly corn export sales remained strong, in line with last week’s pace. Soybean sales exceeded expectations at nearly 25 million bu’s, while corn came in on the higher end of estimates. Wheat sales were also solid and are now tracking close to the USDA’s target at week 41 of the marketing year. • Tomorrow’s “Celebration of Ag” event at the White House is expected to host around 1,000 farmers and agribusiness leaders, with a major policy announcement teased by President Trump. However, the EPA has indicated it is not aware of any pending announcements. • Reminder: Next Tuesday, March 31, brings the Prospective Plantings and Grain Stocks reports. Average analyst estimates have corn stocks at 9.036 billion bushels—a potential record and up 10.9% from last year. Early average estimates suggest corn acreage near 94.4 million acres, with soybean acreage projected around 85.6 million acres.
• Tensions are continuing to simmer across the Middle East this morning, with rhetoric from both the Americans and Iranians continuing to have a rather hostile tone. Social media reports indicate Israel has killed the head of Iran's Revolutionary Guard Navy, as military strikes remain frequent and ongoing.
📰 Today's Headlines:
CBOT ag markets are quietly mixed this morning in what has been one of the quieter overnight sessions in the ag markets for some time now. We've mentioned it in passing several times the past few days, but Tuesday's stocks and acreage data next week should spark a shift back to fundamentals and away from the energy 'tag-along' trading that has gone on the better part of the last few weeks now. Spring planting season is right around the corner, which should bring weather and agronomics back into focus. Corn futures to start Thursday are trading either side of unchanged, soybean futures are trading unchanged to a penny lower, and the Chicago wheat market is trading 2-3 cents lower.
• This morning's weekly export sales report, with data for the week ending March 19th, is expected to show corn sales in the week in a range of 700k-1.5 mil MTs, soybean sales between 200k-500k MTs, and wheat sales between 100k-400k MTs. The report will be out at its normal 7:30am central time this morning.
• USDA is set to release its quarterly hogs and pigs report this afternoon at 2pm central time; traders see the report showing all hogs and pigs in the US as of March 1 at 74.770 mil head, which would be up roughly 1% from the same day last year. Breeding hogs are seen at 5.970 mil head, down just 0.2% from year ago, and market hogs are seen at 68.818 mil head, up 1% from year ago.
• Private South American consultancy Agroconsult said Brazil's second corn crop was likely to be down some 8% from the year prior at 114.5 MMTs, though the group added that April weather would have the final say in the crop size. Soybean production was estimated at 184.7 MMTs, which would be up around 7% from last year.
• Tomorrow's Celebration of Ag event at the White House is expected to be policy focused for the most part, with traders still expecting some sort of renewable fuel announcement to be the event's main feature. It's also assumed that the recently announced E15 waivers will be a topic of discussion.
• President Trump confirmed on Truth Social Wednesday that the much anticipated meeting between he and Chinese President Xi Jinping had been rescheduled for May 14th and 15th. Trump added that he would host Xi and his wife for a reciprocal meeting in Washington at a later date sometime this year.
• Trump also took to Truth Social to further air grievances with Iranian negotiators, who he described as being "different" and "strange". Trump said that Iran was "begging" the US to make a deal, but that they continue to publicly state otherwise and that if it continues, he could use ground forces as part of what could be a "final blow" to the regime. Oil futures are up around $3.50/bbl this morning.
• Severe weather looks to impact the eastern and east-central Midwest through the night tonight as a frontal boundary works through the area, bringing storms and a shot of cold air with it. Tomorrow's daytime high will be some 40+ degrees lower than today's, but the cold only lasts into the weekend before things warm back up again the first part of next week. Rainfall chances then improve through the week next week, with the models this morning showing several rounds of precip possible into mid-April.
• Extended forecasts are then little changed this morning, and conitnue to show this wetter outlook lingering into mid-month, while there is still little if any sign of a return to colder weather any time in the next two weeks. Models continue to vary slightly on where the warmest air will linger as they debate the progression of the high pressure ridge currently aloft the US, but are in general agreement on the pattern otherwise. ... See MoreSee Less
🌽 Corn Market Update Corn futures finished near their highs for the day on Wednesday, as strength in the soy complex was able to lift the grain markets despite selling across the energy space. Though headlines continue to flow out of the Middle East, focus will presumably begin to shift back to market fundamentals in the days ahead, with the USDA's quarterly stocks and planting intentions reports due in another just four trading sessions. With markets maybe still a hair overvalued on extra war premium, we would see any sort of bearish report as possibly leading to a sharper negative reaction than would be expected otherwise, which lifts overall market risk going into next week.
🌱 Soybean Market Update Soybean futures closed higher on Wednesday and made new highs for the week while the products were mixed as China buying was the name of the game beyond the noon hour. In our opinion, Trump and Xi simply having a meeting isn't in and of itself bullish to the bean market; its whether or not that meeting produces a deal for China to buy more US beans that would justify the current injection of premium into prices. If China doesn't buy anymore, end stocks likely continue to build both for the old crop and the new crop and we would argue this doesn't bode well for prices. In other news, there remains just one more day ahead of Friday's Ag Celebration event at the White House for the EPA to release RVO guidelines, which means product pricing and specifically bean oil pricing will likely see increased volatility into the weekend.
🌾 Wheat Market Update Wheat futures were higher on Wednesday, mostly in lock step with the corn market, as news continues to be limited and focused for the most part on US Plains weather into the middle of April. A jump in Russian export duties into the end of the month has had little effect on the market to this point, and this has been the only other real news story of late through the week this week. Chart-wise, that the market held Monday's lows was technically friendly, and the high from Monday at 6.06 1/2 will be the upside market objective for the rest of the week this week. ... See MoreSee Less
• Good morning and happy MLB Opening Day—and Illini game day. Grain markets are mixed this morning, with spreads largely steady. CK/CN saw light trade overnight (19 contracts) at -11. Crude oil is sharply higher, with May WTI up over $4/barrel. • Grain markets rallied late yesterday following news from the White House that a Trump/Xi meeting in China is scheduled for May 14–15. A reciprocal visit from Xi to the U.S. was also announced. • Weekly corn export sales remained strong, in line with last week’s pace. Soybean sales exceeded expectations at nearly 25 million bu’s, while corn came in on the higher end of estimates. Wheat sales were also solid and are now tracking close to the USDA’s target at week 41 of the marketing year. • Tomorrow’s “Celebration of Ag” event at the White House is expected to host around 1,000 farmers and agribusiness leaders, with a major policy announcement teased by President Trump. However, the EPA has indicated it is not aware of any pending announcements. • Reminder: Next Tuesday, March 31, brings the Prospective Plantings and Grain Stocks reports. Average analyst estimates have corn stocks at 9.036 billion bushels—a potential record and up 10.9% from last year. Early average estimates suggest corn acreage near 94.4 million acres, with soybean acreage projected around 85.6 million acres.
• Tensions are continuing to simmer across the Middle East this morning, with rhetoric from both the Americans and Iranians continuing to have a rather hostile tone. Social media reports indicate Israel has killed the head of Iran's Revolutionary Guard Navy, as military strikes remain frequent and ongoing.
📰 Today's Headlines:
CBOT ag markets are quietly mixed this morning in what has been one of the quieter overnight sessions in the ag markets for some time now. We've mentioned it in passing several times the past few days, but Tuesday's stocks and acreage data next week should spark a shift back to fundamentals and away from the energy 'tag-along' trading that has gone on the better part of the last few weeks now. Spring planting season is right around the corner, which should bring weather and agronomics back into focus. Corn futures to start Thursday are trading either side of unchanged, soybean futures are trading unchanged to a penny lower, and the Chicago wheat market is trading 2-3 cents lower.
• This morning's weekly export sales report, with data for the week ending March 19th, is expected to show corn sales in the week in a range of 700k-1.5 mil MTs, soybean sales between 200k-500k MTs, and wheat sales between 100k-400k MTs. The report will be out at its normal 7:30am central time this morning.
• USDA is set to release its quarterly hogs and pigs report this afternoon at 2pm central time; traders see the report showing all hogs and pigs in the US as of March 1 at 74.770 mil head, which would be up roughly 1% from the same day last year. Breeding hogs are seen at 5.970 mil head, down just 0.2% from year ago, and market hogs are seen at 68.818 mil head, up 1% from year ago.
• Private South American consultancy Agroconsult said Brazil's second corn crop was likely to be down some 8% from the year prior at 114.5 MMTs, though the group added that April weather would have the final say in the crop size. Soybean production was estimated at 184.7 MMTs, which would be up around 7% from last year.
• Tomorrow's Celebration of Ag event at the White House is expected to be policy focused for the most part, with traders still expecting some sort of renewable fuel announcement to be the event's main feature. It's also assumed that the recently announced E15 waivers will be a topic of discussion.
• President Trump confirmed on Truth Social Wednesday that the much anticipated meeting between he and Chinese President Xi Jinping had been rescheduled for May 14th and 15th. Trump added that he would host Xi and his wife for a reciprocal meeting in Washington at a later date sometime this year.
• Trump also took to Truth Social to further air grievances with Iranian negotiators, who he described as being "different" and "strange". Trump said that Iran was "begging" the US to make a deal, but that they continue to publicly state otherwise and that if it continues, he could use ground forces as part of what could be a "final blow" to the regime. Oil futures are up around $3.50/bbl this morning.
• Severe weather looks to impact the eastern and east-central Midwest through the night tonight as a frontal boundary works through the area, bringing storms and a shot of cold air with it. Tomorrow's daytime high will be some 40+ degrees lower than today's, but the cold only lasts into the weekend before things warm back up again the first part of next week. Rainfall chances then improve through the week next week, with the models this morning showing several rounds of precip possible into mid-April.
• Extended forecasts are then little changed this morning, and conitnue to show this wetter outlook lingering into mid-month, while there is still little if any sign of a return to colder weather any time in the next two weeks. Models continue to vary slightly on where the warmest air will linger as they debate the progression of the high pressure ridge currently aloft the US, but are in general agreement on the pattern otherwise. ... See MoreSee Less
🌽 Corn Market Update Corn futures finished near their highs for the day on Wednesday, as strength in the soy complex was able to lift the grain markets despite selling across the energy space. Though headlines continue to flow out of the Middle East, focus will presumably begin to shift back to market fundamentals in the days ahead, with the USDA's quarterly stocks and planting intentions reports due in another just four trading sessions. With markets maybe still a hair overvalued on extra war premium, we would see any sort of bearish report as possibly leading to a sharper negative reaction than would be expected otherwise, which lifts overall market risk going into next week.
🌱 Soybean Market Update Soybean futures closed higher on Wednesday and made new highs for the week while the products were mixed as China buying was the name of the game beyond the noon hour. In our opinion, Trump and Xi simply having a meeting isn't in and of itself bullish to the bean market; its whether or not that meeting produces a deal for China to buy more US beans that would justify the current injection of premium into prices. If China doesn't buy anymore, end stocks likely continue to build both for the old crop and the new crop and we would argue this doesn't bode well for prices. In other news, there remains just one more day ahead of Friday's Ag Celebration event at the White House for the EPA to release RVO guidelines, which means product pricing and specifically bean oil pricing will likely see increased volatility into the weekend.
🌾 Wheat Market Update Wheat futures were higher on Wednesday, mostly in lock step with the corn market, as news continues to be limited and focused for the most part on US Plains weather into the middle of April. A jump in Russian export duties into the end of the month has had little effect on the market to this point, and this has been the only other real news story of late through the week this week. Chart-wise, that the market held Monday's lows was technically friendly, and the high from Monday at 6.06 1/2 will be the upside market objective for the rest of the week this week. ... See MoreSee Less
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