• Goodwine Coop

Goodwine Trucks at Work

The Goodwine Cooperative Grain company is the oldest operating cooperative  elevator still in business in the state of Illinois.  The company was incorporated on October 15, 1889.  The incorporators were J.H. Rosenberry, Alonzo Carman, Jehu Judy, Robert J. Geddes, and John H. Hoffman.  Sixty-seven stockholders subscribed for $3000.00 of the capital stock, which was the original amount issued.

The Goodwine facility, which is where the main office is located today, was the original facility.  In 1920, the Alonzo elevator was built 3 miles east of Goodwine.  In 1995 the Fountain Creek facility, originally known as Hopwood,  was added.  The Bryce facility was purchased in 2001 and the  East Lynn storage facility was purchased in 2007.

Today, the company has 5 locations with over 4 million bushels of storage, and 15 full time employees.  The current members of the Board of Directors are Bruce Crist (President), Steve Rapp (Vice President), Robert Geddes (Secretary), Bill Betka, Doug Van Hoveln, Keith Knapp, and Brent Neukomm.

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      Good morning. Yesterday’s crop report reaffirmed the picture of plentiful grain and soybean stocks both here in the U.S. as well as around the world. As a result, we are back to trading outside markets as we wait for the Northern Hemisphere planting and growing seasons to provide direction. This morning, outside markets are supportive with crude oil and equities Continue Reading

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      Good morning. Carryover weakness from Friday’s lower closes is weighing on grains and soybeans  this morning. Crude oil is again weaker and the Dow is expected to open sharply lower. Rains exceeding 1” have fallen overnight in dry regions of Argentina, boosting corn and soybean prospects in that country. Normal rainfall and temperatures are forecast for Argentina over the next Continue Reading

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      Good morning. It’s back to the upside this morning as grains and soybeans continue their back and forth type of trading. Trading volume has been heavier than usual overnight. CONAB today cut its Brazilian soybean crop estimate by 1.2 MMT’s to 100.9 MMT’s and raised the corn estimate from 82.3 to 83.3 MMT’s. Outside markets are currently mixed with crude Continue Reading

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      Good morning. Outside markets would appear to be supportive to grains and soybeans this morning, but have thus far failed to spark a rally. Crude is modestly higher, the Dollar is weaker, and stocks are expected to open higher. Yesterday’s rally looks like it was a result of “bearish fatigue” in light of the bullish seasonal trend for grains during Continue Reading

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