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. Grains and soybeans are slightly higher this morning as we head for the weekend. Rains fell overnight across a good portion of Iowa and the system is currently moving through Illinois although it looks like it is weakening as it moves east. A cooler period extending from today into early next week is in store for the Midwest Continue Reading

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      Good morning. Grains and soybeans are pushing lower this morning as weather forecasts show no extreme heat for the Midwest through July 4th  along with periodic rain chances. The Plains will remain drier than normal for the next two weeks. Rainfall from tropical storm Cindy will push as far north as southern/central Illinois tonight and Friday. The Dollar is steady Continue Reading

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      Good morning. Corn and soybeans are posting small gains  this morning while wheat is lower on profit taking as July Minneapolis wheat has rallied over a dollar in the past month. The Dollar is slightly firmer this morning and crude oil is in the green but just barely so. Chinese and Malaysian soybean, palm oil, and soyoil markets were lower Continue Reading

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      Good morning. Yesterday’s crop conditions report included a bigger than expected drop in the spring wheat crop condition as the crop rated in good or excellent condition fell 4% to 41% which is a record low condition for mid/late June. Wheat rallied overnight as a result, but the rally has faded and wheat is now lower. (Minneapolis wheat futures are Continue Reading

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      Good morning. Soybeans are firmer and corn is lower with wheat little changed this morning following a rather active night of trading. Energy markets and the Dollar are little changed as we begin the week. Chinese corn and soybean futures were little changed today as were Malaysian palm oil futures. Chinese veg oil markets rose today. Weekend rainfall was highly Continue Reading

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      Good morning. Grains and soybeans have traded mostly higher during the overnight hours with trading volume described as average. Weather forecasts have something for both bulls and bears as several rain chances along with somewhat cooler temperatures are in store for the Midwest over the next seven days, but on the other hand, rainfall totals/coverage do not look impressive and Continue Reading

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