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. 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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      Good morning. Corn and soybean markets are slightly higher this morning following a low volume overnight trade. The Dollar and crude are little changed this morning.  Fresh news is hard to find this morning- South American weather looks generally good although there are concerns that excessive amounts of rain may fall on some growing regions over the next two weeks. Continue Reading

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      Good morning. Grains and soybeans are lower this morning as weaker soymeal prices weigh on the bean market. Corn and wheat markets are followers of beans. Commodity funds are becoming more aggressive sellers as they scale back their long positions before the end of the year. The Dollar is stronger this morning – crude is slightly higher. There is concern Continue Reading

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      Good morning. Markets are mixed this morning after a quiet, low volume overnight trade. Fresh news is lacking as harvest is all but over – yesterday’s crop conditions report showed corn harvest 89% complete nationwide vs. 88% for the five year average. Beans were estimated at 94% harvested vs. 96% on average. The U.S. winter wheat crop was rated as Continue Reading

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