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. Grains are little changed this morning but soybeans are higher as the rains that were forecast for Illinois turned out to be very light. There were some heavy rains in Minnesota as well as southern Missouri and a portion of southwest Illinois but much of Illinois and Iowa got little more than trace amounts. The Dollar is continuing Continue Reading

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      Good morning. Grains and soybeans are slightly higher this morning despite heavy rainfall that fell on dry areas of Nebraska and Iowa overnight. Markets have become oversold and traders may be reluctant to press prices much lower. The Dollar is slightly firmer this morning and crude oil is posting small gains. Extended weather forecast continue to show above normal rainfall Continue Reading

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      Good morning. Grains and soybeans are a bit lower this morning as weather forecasts still show beneficial rainfall across nearly all of the Midwest over the next ten days. The Dollar is firmer to begin the day while crude oil is posting small losses.  Yesterday’s crop conditions report showed a rather surprising improvement in corn rated as good or excellent Continue Reading

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      Good morning. Beneficial weekend rains across the Dakota’s and Nebraska and rains this morning in the northern half of Iowa are weighing on grain and soybean markets as we begin the week. The Dollar is stronger and crude oil is weaker. Chinese corn and soybean markets were lower today while veg oil markets closed higher. Malaysian palm oil was lower. Continue Reading

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      Good morning. Grains and soybeans are posting small gains as we begin the day. Trading volume overnight was lighter than had been seen earlier in the week. Rain amounts yesterday in the western corn belt were generally less than forecasted. This is providing some support this morning as is the perception that this week’s price decline (soybeans are off 50 Continue Reading

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      Good morning. Grains are lower and soybeans sharply lower this morning as scattered overnight rainfall across dry areas of southwestern Minnesota and western Iowa weighs on markets. This follows rains yesterday across North Dakota that ranged from .4 to .9”. Rains later today and into tomorrow will favor the eastern Midwest. Extended forecasts show below normal rainfall for the western Continue Reading

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