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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      Corn and soybean markets experienced more weakness overnight as harvesting slowly ramps up and bullish news is absent. The Dollar is firmer this morning, adding additional pressure to commodities in general. Today’s report releases include Informa’s updated corn and soybean production estimates and the cattle on feed report which will be released after the close. The Midwest will see light Continue Reading

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      Good morning. Markets are trading slightly lower with volume overnight on the light side. Weather over the next two weeks still looks good for harvesting and no frost/freezes are predicted for the Midwest through the balance of September. The weekly export sales report showed the following totals (million bu.): corn 26.0, beans 53.9, and wheat 11.6. Corn sales were about Continue Reading

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      Chad Richey|Branch Office Manager | MID-CO COMMODITIES, INC.| Ph: 515-251-8526 | Fx: 515-251-8584| More of the same as the nearing harvest weighs on any and all rally attempts.  Stories continue to circulate that record crop will overwhelm storage and transportation.  Weather outlook turns excellent once the weekend rain event moves thru.  Weekly ethanol production @ 931k barrels, up .43% from Continue Reading

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      Good morning. Soybeans are trading slightly higher this morning as traders expect fresh soybean sales announcements today following the visit to the U.S. this week by Chinese buyers. China is also booking South American beans from February forward as it takes advantage of the recent price decline. Corn is lower on pressure from the impending harvest as well as weather Continue Reading

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      Corn / beans initially bounced but then failed following FSA prevent plant acres. FSA prevent plant acres for corn @ 1.582 ma vs LY @ 3.573 ma; beans @ .841 vs 1.687 ma LY. Some interpret the numbers as a 1.5-2.3 ma loss in corn acres; .60-1.4 ma loss for beans. However, LY’s corn plantings dropped just 2 ma from Continue Reading

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      Good morning. Markets are lower this morning as the late week cold snap still appears to hold little threat for corn and soybean crops and high yields reported in early harvested corn and soybeans have some analysts talking about the possibility of the national soybean yield of 48 and corn of 175 or above. The weekly crop conditions report was Continue Reading

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