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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      Good morning. Markets have extended yesterday’s losses with soybeans the leader down on negative technical indicators. The Dollar is firmer this morning and crude is trading slightly higher. Beans have fallen through support levels and are trading at the lowest level in the past five weeks.  The concern about South American soybean production is fading as the dryness in Northern Continue Reading

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      Good morning. Markets have traded quietly in rather narrow ranges overnight and early this morning as fresh news is lacking. There were overnight deliveries of 40 December corn contracts and 3 soyoil contracts. The Dollar is firmer and crude is weaker. South American weather still looks favorable through the middle of December. Gulf corn and bean basis levels were weaker Continue Reading

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      Good morning. We have begun the final month of the year which means that there will be a lot of talk about funds exiting losing positions and rebalancing for 2015. 2014 has been a rough year for commodities, particularly energy, with crude down over 30% the past few months. One of the largest hedge fund managers is closing its commodity Continue Reading

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      Good morning. Soybeans are rebounding from yesterday’s selloff while corn and wheat markets are little changed this morning. Steady demand is providing support for beans as is a lack of farmer selling as soybean harvest is nearly complete (yesterday’s crop conditions report showed 97% of soybeans harvested nationwide). Soymeal basis levels have declined slightly but are still at lofty levels Continue Reading

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      Good morning.  Corn in a 3 cent range and beans in a 9 cent range overnight.  Market remains a back of forth affair.  Some traders have mentioned the traditionally markets rally into Thanksgiving.  Not sure that will work this week, but we’ll see.  Full trading days today through Wednesday.  Closed Thursday.  Markets open till noon on Friday.  Disjointed trading week Continue Reading

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      Corn very quiet overnight with beans in a 13 cent range.  Trade looking for something to trade to some degree.  December options expire today with enough open trades in the 3.40/3.60 area to persuade some traders we will head that direction today.  At the same time there are trend watchers who point out the market tends to rally into Thanksgiving.  Continue Reading

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