Goodwine Office: (815) 457 – 2880

Welcome to the

Goodwine Coop Grain Company

Goodwine

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, Scott Morts, and Keith Knapp.

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      Liquidation continues in the grains while Dec corn falls below $4.00. Currently, corn is a nickel lower, beans down a dime and wheat 8 lower. Brazilian real broke sharply today, sparking ideas this may trigger new farmer selling. Corn spreads are a little firmer while bean spreads are weaker this morning. Crude oil is a little firmer today after yesterday’s Continue Reading

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      Good morning. Last trading day of January. It’s been a tough month for bulls with CH down 26 cents, SH off 54 cents and WH down 80 cents during the month. Grains and soybeans have traded both sides of unchanged during the overnight session with average volume. Ethiopia bought 70,000 MT’s of optional origin wheat and Pakistan bought 60,000 MT’s Continue Reading

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      Good morning. Weak technicals have weighed on grain and soybean markets overnight. Corn is encountering additional pressure from cheap Ukraine offers in the export market. Argentina is also becoming more of a presence in the corn export market  for the spring timeframe. South Korea did buy 255,000 MT’s of optional origin corn for July/August shipment.  Nothing new regarding South American Continue Reading

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      Good morning. Markets are lower this morning with a firmer Dollar and a general lack of bullish news weighing on commodities in general. Rain fell on parts of Northeast Brazil overnight and forecasts for Brazil’s key producing areas look favorable into mid-February. The EPA on Tuesday approved Argentina’s biofuel makers ability to qualify for U.S. biofuel credits which will make Continue Reading

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      Unusual sell-off today as the typical marketplace trends seem out of whack. The dollar is sharply lower, grains are lower, crude is a little higher and equities sharply lower. Ugly day for the financials as the Dow is currently 350 points lower following poor earnings. Currency headwinds being blamed by CEO’s for poor earnings; also slow world growth. Durable goods Continue Reading

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      Good morning. Markets are little changed this morning following a mixed overnight trade that saw moderate volume. Rains fell overnight across Northern and East Central Brazil while Southern Brazil and Argentina remain well watered with excellent yield prospects. Early harvest reports from Northern Brazil show yields up about 5% over last year. Although Chinese interest in U.S. soybeans is waning, Continue Reading

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