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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      Not a lot of news as we end the month.  So far, corn has lost 35 cents this month, beans 180 cents, and meal $63.  Funds have held a very sizeable short in wheat, now have a moderate short in corn, and still hold a sizeable long position in beans.  6-10 and 8-14 day weather forecasts are moderating temp-wise in Continue Reading

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      Good morning. Grains and soybeans are little changed this morning as fresh news is scarce. The Dollar is weaker this morning after comments yesterday afternoon following the Fed meeting wrap-up indicated no  interest rate hike and no more than one hike the balance of 2016. The weaker Dollar is supporting commodities in general.  Weather forecasts are generally in agreement that Continue Reading

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      Good morning. Grains and soybeans are higher, boosted by strong export demand and general end user pricing following the recent price decline. Light short covering is also supportive. China today sold 11 MMT’s of the 32 MMT’s of state owned corn offered. Quality was said to be poor. Chinese soybean crush margins have improved recently. The first day of the Continue Reading

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      Good morning. Corn is lower this morning, pressured by a lower wheat trade and yesterday’s crop rating which showed corn rated in good or excellent condition unchanged from last week’s 76% rating. Bulls had been looking for a slight decline in the crop following last week’s heat. Soybeans are slightly higher, but still remain susceptible to another downturn as commodity Continue Reading

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      Good morning.  Grains are firmer while soybeans are little changed this morning following an active overnight trade that saw heavy volume. Wheat is leading corn higher as the EU wheat harvest is uncovering low yields and poor quality. Corn and soybean markets are seeing some support from weather forecast as some weather models are bringing back heat to the Midwest Continue Reading

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      Good morning. Markets are little changed this morning as weather forecasts haven’t changed much in the past 24 hours. SX tested key support near $10.21 and has bounced higher from that level. Key support for CZ is near $3.46. Scattered rains, with some heavy amounts, will fall on parts of the eastern and northern Midwest today into tonight before the Continue Reading

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