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 Doug Walder.

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      Good morning. Cool and dry weather forecasts have provided support to corn and soybean markets overnight and this morning while wheat has been pressured by expectations for a larger Russian wheat crop than was earlier projected. This week looks drier than normal for the Midwest and much of the Midwest could use an inch or so of rain. Next week Continue Reading

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      Mixed markets to finish a week of mostly sideways trading. Weakness today attributed to favorable rains across much of IA & MN. SQ-SX firming today, mostly as weather premium erodes from the Nov. Reuters poll of 20 analysts estimates US corn yield @ 170.476 bpa vs USDA @ 165.3. The same poll suggests a US bean yield of 45.548 bpa, Continue Reading

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      Good morning. Markets are lower this morning as generous overnight rains affected most of Iowa and Southern Minnesota. Rains are moving southeast into Illinois this morning. More rain is forecast for the Midwest this weekend followed by a cool and dry period next week. The Doane crop tour covered central and southeastern Iowa where the corn average was calculated at Continue Reading

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      Good morning. Grains and soybeans are higher this morning as a short covering rally has spread across the corn, soybean, and wheat markets. Expectations for strong export sales in this morning’s report helped to fuel the overnight rally as did concern about recent dryness in the west. Cool weather is forecast to continue for the Midwest into at least early Continue Reading

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      Beans are rallying with nearby spreads firming once again, corn marginally weaker. Not much has changed today. Beans higher on lack of cash movement/strong demand. SQ-SX has now retraced 50% of the previous 2-week loss, waiting for cash direction. NOAA 5 day map shows 1-2” rains from SE MN, NE IA, SW WI thru N IL. The same map shows Continue Reading

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      Good morning. Markets are slightly higher this morning as end user pricing has been supportive. There is some concern about dryness in parts of the Midwest, particularly the northwestern belt, but good subsoil moisture levels and cool temperatures are limiting any crop stress. The Midwest will continue to be cooler than normal over the  next two weeks with normal to Continue Reading

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