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)
7/17/26 MIDCO AFTERNOON COMMENTS
7/17/26 MIDCO MORNING COMMENTS 0 CommentsComment on Facebook
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🌽 Corn Market Update
Corn futures were able to end the week with a positive day. It was a see-saw week for corn as technicals dominated the trade. This week CZ26 was able to break through the 200-day moving average. Yesterday on the overnight it was able to test the next resistance level of the 100-day moving average only to get rejected and see a solidly down day yesterday. Now corn is right back at the 200-day moving average and looking to see if it can collect itself and make another run at the final technical hurdle of the 100-day moving average around 4.73. The Russia/Ukraine conflict and weather have thrown volatility into the market and Sunday night's open will be interesting to see if corn chooses a direction.
🌱 Soybean Market Update
Oil once again was the star of the soy complex trading around 250 points higher and reaching values last seen in early June. Meal traded lower today and beans were able to trade in the green to finish the week. Crush margins extended nearby gains and nearby board crush is now trading around 3.25, up from around 2.50 to start the month. SX26 futures are about a dime away from the recent highs of 12.12 from mid-May.
🌾 Wheat Market Update
Wheat futures did not go back and recapture the highs from this week, but finished on a positive note. The Sea of Azov/Kerch Strait situation between Russia and Ukraine shows now sign of resolving. Activity over the weekend will be watched closely by market participants to see if more attacks happen. Wheat producers were selling into the rally as we hit prices last seen in Mid-May.
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Good morning. Grain prices are mostly higher right now but did trade lower at different points overnight. Some follow through selling from yesterday’s weaker close was seen earlier overnight as the weather forecast continues to show moderating conditions for next week. Temps will be below to near normal for parts of the Midwest with precip chances advertised as normal. There will be a few rain chances from Illinois and east over the weekend, but totals are expected to be light. China was in buying more U.S. beans again yesterday with another 12 to 13 cargoes rumored. There were more ships attacked in the Black Sea region again overnight. Wheat futures took a breather on that news yesterday, but values are firming back up this morning. President Trump mentioned last night that China was involved in the 2020 election, which they have denied this morning. This comment temporarily raised some fears that the U.S./China relationship may stumble again ahead of more trade talks scheduled in September. December corn rejected the 100-day moving average ($4.73) yesterday and closed back below the 200-day moving average ($4.67). It is back over the 50-day moving average ($4.63 ½) this morning. With all these technical points bunched up, it feels like we are going to do this moving average dance for a bit. The commitment of traders’ report is out this afternoon. Crude is up $2.00 on the continued Middle East conflict and gas prices are rising again. War updates and the weather forecasts will dictate the opening on Sunday night. Have a safe weekend.
... See MoreSee Less
7/17/26 MIDCO AFTERNOON COMMENTS
🌽 Corn Market Update
Corn futures were able to end the week with a positive day. It was a see-saw week for corn as technicals dominated the trade. This week CZ26 was able to break through the 200-day moving average. Yesterday on the overnight it was able to test the next resistance level of the 100-day moving average only to get rejected and see a solidly down day yesterday. Now corn is right back at the 200-day moving average and looking to see if it can collect itself and make another run at the final technical hurdle of the 100-day moving average around 4.73. The Russia/Ukraine conflict and weather have thrown volatility into the market and Sunday night's open will be interesting to see if corn chooses a direction.
🌱 Soybean Market Update
Oil once again was the star of the soy complex trading around 250 points higher and reaching values last seen in early June. Meal traded lower today and beans were able to trade in the green to finish the week. Crush margins extended nearby gains and nearby board crush is now trading around 3.25, up from around 2.50 to start the month. SX26 futures are about a dime away from the recent highs of 12.12 from mid-May.
🌾 Wheat Market Update
Wheat futures did not go back and recapture the highs from this week, but finished on a positive note. The Sea of Azov/Kerch Strait situation between Russia and Ukraine shows now sign of resolving. Activity over the weekend will be watched closely by market participants to see if more attacks happen. Wheat producers were selling into the rally as we hit prices last seen in Mid-May.
... See MoreSee Less
0 CommentsComment on Facebook
7/17/26 MIDCO MORNING COMMENTS
Good morning. Grain prices are mostly higher right now but did trade lower at different points overnight. Some follow through selling from yesterday’s weaker close was seen earlier overnight as the weather forecast continues to show moderating conditions for next week. Temps will be below to near normal for parts of the Midwest with precip chances advertised as normal. There will be a few rain chances from Illinois and east over the weekend, but totals are expected to be light. China was in buying more U.S. beans again yesterday with another 12 to 13 cargoes rumored. There were more ships attacked in the Black Sea region again overnight. Wheat futures took a breather on that news yesterday, but values are firming back up this morning. President Trump mentioned last night that China was involved in the 2020 election, which they have denied this morning. This comment temporarily raised some fears that the U.S./China relationship may stumble again ahead of more trade talks scheduled in September. December corn rejected the 100-day moving average ($4.73) yesterday and closed back below the 200-day moving average ($4.67). It is back over the 50-day moving average ($4.63 ½) this morning. With all these technical points bunched up, it feels like we are going to do this moving average dance for a bit. The commitment of traders’ report is out this afternoon. Crude is up $2.00 on the continued Middle East conflict and gas prices are rising again. War updates and the weather forecasts will dictate the opening on Sunday night. Have a safe weekend.
... See MoreSee Less
0 CommentsComment on Facebook
0 CommentsComment on Facebook