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. Inauguration Day. Light soybean profit-taking overnight has pressured that market while corn and wheat trade little changed. Nearby soybean basis at river terminals was sharply lower yesterday although CIF values firmed with higher barge freight weighing on basis. Gulf corn was firmer yesterday. The Buenos Aires Grains Exchange forecast that planted Argentine hectares will total 19.2 million vs. Continue Reading

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      Good morning. Grains and soybeans are little changed this morning after trading quietly overnight in small ranges. The Dollar is slightly firmer this morning as is crude oil. Chinese soy and corn markets were higher today; Malaysian palm oil was lower. In export news, South Korea bought 140,000 MT’s of U.S. soybeans and Japan purchased 117,605 MT’s of U.S./Canadian wheat. Continue Reading

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      Good morning. Corn, soybean, and wheat markets have traded both sides of yesterday’s close during the overnight session, with corn and wheat currently little changed and soybeans modestly lower. The Dollar is stronger this morning and crude oil is lower. Concern about the size of the Argentine soybean crop continues to support the bean market as the excessively wet region Continue Reading

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      Good morning. Grains and soybeans are beginning the shortened week on a higher note as heavy weekend rains in Argentina ignited the soybean market. Trading volume has been active. Malaysian palm oil and Chinese corn and soybeans markets were all higher. Very heavy rainfall across Central Argentina has caused more flooding and crop losses there and is making traders nervous Continue Reading

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      Good morning. Friday the 13th, part 1 with the part 2 coming in October. Grains and soybeans are a bit lower this morning as an increase in farmer selling – particularly soybeans- is producing some hedge pressure. Yesterday’s crop report surprised traders with the unexpectedly large drop in U.S. soybean production and ending stocks, but world soybean stocks are still Continue Reading

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