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. Grain and soybean markets are little changed this morning as traders look at S/D balance sheets released at the Outlook Forum about an hour ago. The USDA in its 2017/18 balance sheets is using a corn yield of 170.7 and soybeans at 48.0. Total corn demand next year is down 400 million bu. as exports are 315 million Continue Reading

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      Good morning. Grains and soybeans are slightly lower as begin the day with traders awaiting news from the USDA’s annual Outlook Forum which began this morning. The USDA will give updated projections for planted acreage this spring as well as 17/18 ending stock estimates for corn, soybeans, and wheat. Of course, these projections are just that and a lot will Continue Reading

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      Good morning. Markets are trying to work higher in front of the USDA’s annual Outlook Forum that begins tomorrow. Although fresh news remains limited, which is not unusual this time of year, there was some export business done overnight – South Korea bought 55,000 MT’s of U.S. corn and Taiwan purchased 102,850 MT’s of U.S. wheat. Chinese corn, soybean, and Continue Reading

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      Corn and soybeans are staging a modest rally this morning following the long weekend but wheat is slightly lower. Soybean trading volume was large overnight while corn and wheat volumes were average. Higher Chinese corn and soybean markets today provided overnight CME support.  The Brazilian soybean harvest is reported to be about 25% complete as of late last week. Yields Continue Reading

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      Good morning. Follow through selling from yesterday’s weak markets has pushed corn, soybeans, and wheat lower overnight. Asian market action added pressure as Chinese and Malaysian markets fell today. Avian flu concerns remain a negative Asian influence, particularly for Chinese markets. Crude oil is currently posting small losses. Mexico’s ag minister said that he will lead a business delegation to Continue Reading

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      Good morning. As has been typical as of late, grains and soybeans have traded slightly lower overnight as the speculative buying (funds) that has been the driver of recent rallies, including yesterday’s, has taken place after the 8:30 AM reopening. Open interest yesterday was up by more than 53,000 contracts as commodity funds have been adding to corn and soybean Continue Reading

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