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. Markets are little changed this morning in quiet trading. Soybeans are currently slightly higher as they recover somewhat after yesterday’s big decline. Talk from the Pro Farmer tour of high yield potential drove beans lower yesterday. The tour will wrap up today and officials will announce their nationwide yield estimates late this morning or early this afternoon. September Continue Reading

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      Good morning. Grains and soybeans have continued yesterday’s weaker tone as we move into mid-week. The Pro Farmer tour continues with Indiana’s corn yield calculated at 173 bu./acre vs. 143 last year. Nebraska’s yield came up short at 158.6 which is way below the August NASS estimate of 187. There are rumors that China is demanding that U.S. and South Continue Reading

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      Good morning. Grains and soybeans are lower this morning on technical weakness as futures were unable to push through resistance near $3.45 CZ, $10.20 SX, and $4.35 WU. A slight improvement in corn rated as good or excellent – now at 75% also weighed on the corn market overnight.  . The soybean crop condition was unchanged from last week (at Continue Reading

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      Good morning. Grains and soybeans were mixed in overnight trading as we begin a market week that will probably be dominated by news from the Pro Farmer tour that begins alter today. Outside market influence is leaning negative this morning with the Dollar higher and energy and equity markets lower. Weather is becoming less of an issue as corn and Continue Reading

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      Good morning. Report day. We usually see some heightened market volatility immediately following the release of the August crop report and today will likely not be an exception. Traders expect the corn yield to be projected near 170.6 and soybeans near 47.5. 2016/17 ending stocks are expected to be estimated near 2250 million bu. with bean ending stocks about 325 Continue Reading

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