• Goodwine Coop

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. The overnight trade has been mixed but has turned lower during the past hour. The Dollar is firmer this morning with crude oil again weaker. The Argentine Ag Ministry estimated Argentina’s  soybean crop at 60.9 MMT’s vs. the last USDA projection of 58.5. The corn crop was estimated at a record 37.0 MMT’s (USDA est. of 27.0). Chinese Continue Reading

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      Good morning. Happy St Pats Day! Commodities in general and grains in particular are higher this morning with support coming from the Fed’s meeting yesterday that ended with comments that interest rates are likely to rise at a slower pace than earlier projected. Lower interest rates are bearish to the Dollar. Crude oil and metals are higher this morning.. Traditional Continue Reading

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      Good morning. Grains and soybeans are trading weaker this morning as the recent short covering rally has seemingly run out of steam as commodity funds were sellers yesterday. Fresh news was absent late yesterday and overnight. We will see the weekly ethanol production and inventory numbers later this morning and the Fed meeting will end today with most expecting no Continue Reading

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      Good morning. It’s the Ides of March and Turnaround Tuesday. Outside markets are helping to pressure grains and soybeans lower this morning as crude oil is lower, the Dollar is steady to higher and the Dow is expected to open lower. The Brazilian real fell 2% vs. the Dollar overnight. The NOPA February crush report will be released later this Continue Reading

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      Good morning. Grains and soybeans are lower this morning after a quiet, low volume night trade after the March crop report contained no surprises. Chinese corn prices fell sharply again today while Malaysian palm oil futures rose modestly. CONAB raised its estimates of the Brazilian corn and soybean crops slightly. Crude is little changed this morning while the Dollar is Continue Reading

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      Good morning. Corn and wheat markets were mostly lower overnight in tight trading ranges while soybeans traded either side of yesterday’s close. Overnight volume was average. Crude is higher this morning, equities are lower, and the Dollar is firmer. The big news today of course is the USDA crop report; CONAB will update its estimates of the Brazilian corn and Continue Reading

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