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.
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.
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.
Latest News from Topflight Grain
Thursday, April 25, 2019
Morning Markets: Corn -3. Beans +1. Wheat -2.
MARKET SUMMARY:
The grain markets are mixed following another round of aggressive fund selling on Wednesday. The dollar index continues to soar higher, making new highs for the move for the 3rd consecutive session and trading at an 11-month high. The strength in the US dollar weighs on commodities as investors flock to the safe-haven of the dollar amidst concern of slow world economic growth.
Crude Oil is up $0.21 at $66.10
US Dollar is up $0.076 at $98.249
Global Equities: Japan +0.5%, China -0.9%, and Europe -0.3%.
Dow futures -59 points at 26,597
Malaysian Palm Oil: -1.4%
EU MATIF Exchange: Corn no change and Wheat +0.2%.
China’s Dalian Exchange: Corn -0.1%, Soybeans -0.3%, and Meal -1.0%.
WEATHER:
• The weather outlook for the Midwest still has 3 systems that will move through the region today through next Thursday. The Northern U.S. Plains has moderate rainfall into the weekend with some areas even looking at some measurable snowfall. The Southern Plains is mostly dry through Saturday before rains arrive Sunday bringing moderate precipitation to most of the region and lasting into the middle of next week.
OTHER HEADLINES:
• Walmart announced Wednesday it is entering the beef industry. The nation’s largest grocer is creating its own end supply chain to sell no-hormone-added Angus beef cuts in 500 Walmart stores across the Southeast later this year. Walmart's move follows rival Costco effort to develop a poultry processing plant and dozens of supplier farms to provide the chain's signature rotisserie chickens.
• China customs data showing China imported 1.51 MMTs of soybeans from the US in March, up from February's shipments of .907 MMTs. China also imported 2.79 million tons of soybeans from Brazil. Total imports for the month of March were reported at 4.91 MMTs.
• China has indicated it will buy an additional 1.9mmt of Malaysian palm oil over the next 5 years: oil stocks in Malaysia hit a 19 year high in December. China is currently Malaysia’s third largest palm oil buyer.
• Weekly EIA Ethanol Report: Production: +32,000 at 1,048,000 BPA (+3.1%) – market was expecting +1%. Stocks: +71,000 BBLS at 22.747 million barrels (+0.3%) – market was expecting +1-2%.
EXPORT SALES:
• Corn: 779,800mt 18/19 crop, 3,000mt 19/20. (Estimates: 600,000-1,000,000/ 0-100,000).
• Soybeans: 596,300mt 18/19 crop, 22,700mt 19/20 (Estimates: 300,000-700,000/ 0-50,000).
• Wheat: 425,300mt 18/19 crop, 226,200 19/20 (Estimates: 200,000-450,000/ 100,000-300,000).
• Meal: 329,200mt 18/19 crop, (Estimates: 125,000-325,000).
• Oil: 19,600mt 18/19 crop. (Estimates: 5,000-30,000).
EXPORT NEWS:
• N/A
Have a great day!!!!
Chelsey White
Emery Branch Manager/Originator || Topflight Grain Coop
593 Emery Rd.
Maroa, Il 61756
217-794-2240
E-Mail: cwhite@topflightgrain.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 particular 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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