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 Keith Knapp.

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      Good morning. Corn has slipped lower overnight while soybeans have seen modest support from some short covering after new contract lows were set yesterday.  Generally good weather across the Midwest this week and forecasts for more of the same over the next two weeks are keeping markets on the defensive. Corn basis continues to be strong, but bean basis suffered Continue Reading

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      Weaker markets today as rains continue across the Belt, raising production ideas. SU-SX continues to give up premium with the spread collapsing 90+ cents in 24 hours! SU collapses below the 20 and 50 day MA today; SU-SX tests the 20 day but holds. Twitter comments suggests a few bean processors in IL backing off;  CIF continues lower. The bean Continue Reading

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      Good morning. Markets are drifting lower this morning with the weakness seemingly more to do with a lack of any bullish news rather than any fresh bearish factors. Extended forecasts through September 15th do not show any indications of frosty temperatures for the Northern Midwest. Much of the upper Midwest will experience heavy rainfall the balance of this week with the Continue Reading

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      Good morning! Corn and soybean markets are lower this morning after problems at the CME last night delayed the opening by two hours to 9 PM. Good rains over dry areas of the Midwest over the weekend and no signs yet of any early cold weather have pressured both markets. The Russian convoy that had been sent into Ukraine on Continue Reading

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      Overnight trade is firmer as has been the case most of the week.  The question will be if the day session can maintain those gains as it has struggled to do so in recent days.  Favorable weather conditions coupled with record high numbers from the Pro Farmer crop Tour this week have continued to cap gains, while tight old crop Continue Reading

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      Good morning. Markets are little changed this morning as there is not much in the way of fresh news. Forecasts continue to indicate that scattered rains will develop overnight in the Western Midwest and then move east over the weekend with more rain early next week. Southern Minnesota and parts of Northern Iowa and Northern Illinois need rain. The forecasted Continue Reading

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