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 are modestly higher this morning in quiet trading. The Chinese stock market rallied again overnight which is lending more support to commodities. Warmer and dry conditions forecast for the Midwest next week are also helping to push soybeans higher. Portions of the Western Midwest received rainfall overnight and the rains will slowly push east through Continue Reading

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      Good morning. The Chinese stock market scored its biggest gain in two months which induced a short covering rally in commodity markets overnight. Soybeans are being further supported by near term weather forecasts that suggest warmer and drier conditions for the Eastern Midwest next week. U.S. soybeans are now the cheapest beans on world export markets from September into early Continue Reading

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      Good morning. Markets are mixed this morning after trading in rather small ranges overnight. All eyes remain on the Chinese economic situation. China’s stock market did close about 1.3% lower, but was almost 5% lower at one point in the session. The Shanghai composite index has lost 25% over the past 5 trading days, but many feel the worst is Continue Reading

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      Good morning. Grains and soybeans have moved higher this morning, part of a general commodity upturn following China’s interest rate cut overnight. The Chinese rate cut of  ¼ % was the 5th in the past 9 months and brings the 1 year loan rate to 4.6%. This helped to rally world equity and commodity markets. The U.S. stock markets are Continue Reading

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      Good morning. It’s an ugly start to the week as the selloff from last week intensifies. Big losses in China’s stock market overnight of near 8.5% have pressured commodity markets as concerns about Chinese demand for corn and soybeans abound. The Dow is expected to open about 600 points lower.  Big margin calls for those long are adding to the Continue Reading

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      Lower overnights.  Dollar much weaker, crude oil down 35 cents at $40.98.  ProFarmer results today.  IA yc yld 180.3 vs. 178.8 LY, MN 190.9 vs. 170.8 LY.  Canada estimates from Stats Can out today.  Cattle on Feed this afternoon.  U.S. weather quiet overall.  DOW hammered yesterday, Chinese economic outlook negative, at least by their standards.  A bit of a “blah” Continue Reading

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