Topflight Grain Cooperative, Inc. is a farmer-owned grain cooperative in the heartland of the USA in the middle of Illinois grain belt.
The rich soils and modern farm practices produce record yields of quality grains.
Founded in 1998
Formed in 1998 as the consolidation of three local grain cooperatives and additional mergers in 2000, 2003 & 2014, Topflight Grain Cooperative serves grain producers in Piatt, Macon, Moultrie, Dewitt, Douglas, Champaign, & Logan counties. Permanent storage capacity of the nineteen facilities is 37 million bushels of grain. Annual volume of the company is 40 million bushels with grain sales exceeding $240 million.
14 Year-Round Locations in Central Illinois
Please click on a Topflight Location below for Staff, Phone & Contact Info
Topflight Facilities open year-round:
Atlanta, Atwood, Beason, Bement, Cisco, Emery, Johnston Siding, Kruger, LaPlace, Maroa, Milmine, Monticello, Pierson, Seymour
Topflight Facility open seasonally: Shackelfords
15 Year-Round Locations in Central Illinois
Please click on a Topflight Location below for Staff, Phone & Contact Info
Topflight Facilities open year-round:
Atlanta, Atwood, Beason, Bement, Cisco, Emery, Johnston Siding, Kruger, LaPlace, Maroa, Milmine, Monticello, Pierson, Seymour
Topflight Facilities open seasonally: Shackelfords and Lodge.
Close to Major Grain Processing Plants
The Decatur processing plants of ADM & Tate & Lyle are just 25 miles from many of the facilities. Processing plants and ethanol plants near Pekin are just 40 miles from the Logan County elevators; Bloomington, IL processors are just 30 miles away. Gibson City processors and One Earth Energy are only 30 miles from the Seymour elevator. These markets provide many market opportunities for the quality grain grown by the 2,600 stockholders of Topflight Grain. The numerous trucking firms that serve all of Topflight’s grain elevators ensure prompt delivery to meet contract specifications.
Topflight Rain Map
Topflight Central Illinois locations’ Rain Map featuring year-to-date totals of rainfall at 14 Topflight Grain locations.
View Rain Map
Topflight Rain Map
Topflight Central Illinois locations’ Rain Map featuring year-to-date totals of rainfall at 14 Topflight Grain locations.
Transportation Access to Gulf of Mexico
Topflight Grain facilities at Bement, Milmine and Monticello are located directly on the Norfolk Southern rail main line, allowing shipments of grain into Decatur, movement to the Illinois River, east coast, or the export market. Through a reciprocal agreement, switching on the Illinois Central affords the opportunity for export markets via the Gulf of Mexico. The Gulf of Mexico is also accessible from the Cisco grain facility, where Topflight Grain is the co-owner of a 13.5-mile rail road that connects Cisco to the Decatur markets and the IC rail service.
Illinois Licensed Grain Dealer
Topflight Grain Cooperative, Inc. is a state-licensed grain dealer. The licenses are protected through annual audits by the State of Illinois. Year-end financial and grain audits are prepared by certified accountants and presented at the Company’s annual stockholder meeting. Topflight Grain is also a member of the Illinois Grain Insurance Corporation which insures grain owners against grain elevator failure.
For more information about state-licensed warehouses, visit the Illinois Department of Ag’s website. For more information about the grain code and the grain insurance fund and claims, see the Illinois Department of Ag’s Grain Code page.
Illinois Licensed Grain Dealer
Topflight Grain Cooperative, Inc. is a state-licensed grain dealer. The licenses are protected through annual audits by the State of Illinois. Year-end financial and grain audits are prepared by certified accountants and presented at the Company’s annual stockholder meeting. Topflight Grain is also a member of the Illinois Grain Insurance Corporation which insures grain owners against grain elevator failure.
For more information about state-licensed warehouses, visit the Illinois Department of Ag’s website. For more information about the grain code and the grain insurance fund and claims, see the Illinois Department of Ag’s Grain Code page.
Latest News from Topflight Grain
Wednesday, December 8, 2021
Morning Markets: Corn -2. Beans -9. Wheat -3.
TFG is looking for trucks to haul grain. If you are interested in hauling for us, please call Jon Carr at our Milmine location 217-763-6311. Thank you!
MARKET SUMMARY:
Positioning ahead of tomorrow’s monthly supply and demand report is starting to increase. Typically, the December balance sheets receive little if any trade attention, but this year has been anything but typical. Domestic production numbers will remain unchanged from November this month, but demand will be altered. This may be more of a case on soybeans where exports have not been up to hope for levels. This is mainly from a lack of Chinese demand. Chinese importers claim their soybean imports from the United States will likely fall 20% due to the shipping delays caused by Hurricane Ida. While this is a factor in the lower US exports, so is the fact Brazil produced a record soybean crop last year and is still exporting those bushels. Brazil is now a perpetual soybean exporter, and this will alter the entire world soybean trade dynamics going forward. Trade will also focus on corn demand where more of a mixed opinion is forming. Exports have been steady on corn and could be bumped higher. The same is true on ethanol demand. The real unknown on all of these possibilities is if the USDA will make any changes this month or wait to see if current trends last through the marketing year.
Crude Oil is down $0.83 at $71.22
US Dollar is down $0.060 at $96.309
Global Equities: Japan +0.6%, China +0.1%, and Europe -0.4%
Dow futures is down 38 points at 35,675
EU MATIF Exchange: Corn -1.0%, and Wheat -1.5%
Malaysian Palm Oil: -1.3%
WEATHER:
• It is slated to be above normal temps through most of the U.S. over the next couple of weeks.
OTHER HEADLINES:
• Late yesterday afternoon the EPA released the long-awaited proposed biofuel blending mandates for 2020, 2021 and 2022. Due to reduced gasoline demand caused by the pandemic, 2020 ethanol blending mandate was set at 12.5 billion gallons, 2021 at 13.3 billion and 2022 at 15.0 billion gallons. The 2020 and 2021 mandates are down from the previous 15.0-billion-gallon requirement.
• USDA announced that they will make up to $800 million available to support biofuel producers and infrastructure. $700 million will be available to provide economic relief to biofuel producers and restore renewable fuel markets affected by the pandemic. Additionally, the department will make $100 million available to increase the sales and use of higher blends of bioethanol and biodiesel by expanding the infrastructure for renewable fuels.
• November dryness has stressed the soy crop in Brazil’s second largest producing state of Parana. An economist at the state’s rural economics department, says in telephone interview, 83% of crops were rated good on Dec. 2, down from 91% a week earlier, 15% rated regular and 2% poor. 44% of crops are at higher risk as they’re flowering, or in grain-filling stages. Crops are at a better shape compared with a year ago, when 72% were good, 24% regular and 4% poor.
• Israeli lab-grown meat startup Aleph Farms and German chemicals maker Wacker Chemie WCHG.DE will work together to improve production processes for growth proteins to remove one of the biggest obstacles to large-scale cultivated meat production. Cultivated meat, which is grown from animal muscle cells in a lab, has been getting a lot of attention to address climate change by cutting energy, land and water use in the meat industry. But unlike plant-based substitutes, popularized by the likes of Beyond Meat and Impossible Foods, the technology remains niche due to hurdles including expensive production.
• Brazilian food processor BRF said it will invest 55 billion reais ($9.8 billion) by 2030 to expand the business, in line with its estimate from a year ago, according to a security filing on Tuesday. The world's largest chicken exporter also said net revenues are projected to reach 65 billion reais a year by 2024 as it executes its growth plan.
EXPORT NEWS:
• 1,844,040 metric tons of corn for delivery to Mexico.
o 1,089,660 metric tons is for delivery during the 2021/2022 marketing year.
o 754,380 metric tons is for delivery during the 2022/2023 marketing year.
• 130,000 metric tons of soybeans for delivery to China during the 2021/2022 marketing year.
Have a wonderful day!!!!
Chelsey White
Emery Manager & Originator:: Topflight Grain Cooperative, Inc.
593 Emery Rd :: Maroa, IL 61756
Phone:: 217-794-2240
E-Mail:: cwhite@tfgrain.com
Web:: www.topflightgrain.com
This material should be construed as market commentary, merely observing economic, political and/or market conditions, and not intended to refer to any trading strategy, promotional element or quality of service provided by Topflight Grain Cooperative, Inc. Topflight Grain is not responsible for any redistribution of this material by third parties, or any trading decisions taken by persons not intended to view this material. Information contained herein was obtained from sources believed to be reliable but is not guaranteed as to its accuracy. Contact Topflight Grains designated personnel for specific trading advice to meet your trading preferences. These materials represent the opinions and viewpoints of the author, and do not necessarily reflect the viewpoints and trading strategies employed by Topflight Grain Cooperative, Inc.
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3 hours ago
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Tuesday, December 7, 2021
Closing Markets: Corn +2. Beans -11. Wheat +2.
Market Recap:
Corn futures traded both sides of unchanged today, but ultimately settled with small gains. The EPA is expected to release its ethanol mandates today with the totals rumored to be 12.6 Bln. gallons for 2020, 13.8 Bln. gallons for 2021, and 15 Bln. gallons for 2022. The 2022 is a positive sign with the 2020 and 2021 numbers largely just a factor for RIN trading. It was also suggested that the EPA is going to reject a significant number of small refinery waivers, and that was viewed as supporting to futures. Other news for corn was relatively quiet today. A more stable outside market environment as helped return buyers to grains in general. Crude was up over $2.00 today and the equities were higher. Ethanol figures will be out tomorrow. A little concern is building about dryness in southern Brazil and Argentina in spots. AgRural estimated that 1st corn planting is 94% done. Argentina corn ratings continue to be high overall, but the trade will be closely watching rainfall coverage through the rest of the month. La Nina typically has a greater impact in South America from January forward. President Biden and Putin were expected to speak today, with the main topic being the building of Russian troops near the border of Ukraine. If conflict arises, this could potentially impact corn/wheat exports out of both countries. The wheat market closed 2 cents higher today and had a nice bounce off the $8.00 price via Chicago March futures.
Soybean futures finished weaker with the January contract the leader on the way down. The January index fund roll began today and will last for 5 business days. Concerns about bean barge traffic being delayed due to low water along the Mississippi aided in the nearby weakness. Low water has slowed barge traffic along the Mississippi river bend just north of Rosedale, Miss. Weakness was also attributed to fears that the EPA will soon issue lower biofuel mandates. China announced their November bean import total of 8.57 MMT. The year-to-date bean imports totaled 87.65, down 5.5% from a year ago. This was viewed as a slightly negative to prices. AgRural estimated that Brazil is 94% done on bean planting. Some concern is building about dryness through southern Brazil and Argentina. This will be on the trade’s radar over the next few weeks, especially after last year. The central and northern parts of Brazil look good. The higher them in the outside markets did little to sway the selling in beans today. The Ukraine/Russia conflict should have little bearing on soybeans.
Funds Daily
12/7/2021 Fund Position Daily Change
Corn 235,000 UNCH
Beans 14,000 (6,000)
Meal 28,000 (2,000)
Oil 25,000 (3,000)
Chi Wheat (19,000) UNCH
KC Wheat 31,000 UNCH
MW Wheat 15,000 UNCH
Have a great evening!!!!
Chelsey White
Emery Manager & Originator:: Topflight Grain Cooperative, Inc.
593 Emery Rd :: Maroa, IL 61756
Phone:: 217-794-2240
E-Mail:: cwhite@tfgrain.com
Web:: www.topflightgrain.com
This material should be construed as market commentary, merely observing economic, political and/or market conditions, and not intended to refer to any trading strategy, promotional element or quality of service provided by Topflight Grain Cooperative, Inc. Topflight Grain is not responsible for any redistribution of this material by third parties, or any trading decisions taken by persons not intended to view this material. Information contained herein was obtained from sources believed to be reliable but is not guaranteed as to its accuracy. Contact Topflight Grains designated personnel for specific trading advice to meet your trading preferences. These materials represent the opinions and viewpoints of the author, and do not necessarily reflect the viewpoints and trading strategies employed by Topflight Grain Cooperative, Inc.
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19 hours ago