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. Grains and soybeans spent most of the night in the red as the Dollar has once again firmed and weather is favorable. China’s manufacturing index fell to its lowest level of the year which points to more weakness ahead for the Chinese economy. There is talk that the droughty conditions this summer will cause the EU to import Continue Reading

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      Good morning. A weaker Dollar has set the stage for a short covering rally overnight and early this morning for both grain and soybean markets. Otherwise there isn’t a lot of fresh news in the marketplace. It does look like the Eastern Midwest weather forecast is turning wetter for the next week with daily chances for rain expected from Saturday Continue Reading

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      Good morning. Good weather and falling world prices for grains and soybeans are pressuring markets this morning. Dry conditions along with mild temperatures in the Eastern Midwest are expected to continue into the upcoming weekend and are just what the crop needs. The Western Midwest and southern states will have chances for periodic rainfall over the next ten days. The Continue Reading

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      Corn and beans are higher as weekly crop ratings remain unchanged. Nice to see corn find some strength after hitting a fresh, 3-week low this AM. Meanwhile, wheat continues lower due to large global supply and demand uncertainties. Corn and bean basis firming again this morning as farmer selling reenters hibernation. USDA announced the sale of 110 kmt of new Continue Reading

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      Overnight trade higher in a fairly tight range.  Overcooked yesterday and crop conditions not improving overall has helped markets rebound a bit.  Crop conditions continue to show a great western belt while the eastern belt struggles.  Interesting to see on a national average that bean development is right on schedule after all the concern over planting progress.  Dollar weaker this Continue Reading

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      Good morning. July report day. Markets are higher this morning, mainly on somewhat encouraging news concerning Greek debt and the Chinese stock market. Greece has made a proposal to EU members that may result in another $50 Billion bailout for its banking system (good money after bad?) and the Chinese stock market closed 4% higher overnight. The Dollar is significantly Continue Reading

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