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
Friday, May 22, 2020
Closing Markets: Corn EVEN Old & New. Beans -2 Old & -1 New. Wheat -7.
Due to the COVID-19 virus we are locking all outside doors at our offices and conducting business through mail, phone, and email until further notice. We apologize for the inconvenience.
Please be reminded that TFG will NOT price grain outside of CME trading hours. Any questions, please call your local TFG originator. Thanks!
Market Recap:
Corn futures closed the session mostly lower in front of the 3-day holiday weekend. Corn has traded sideways the past 2 ½ weeks. July futures lost 1 ½ cents from last Friday, while the December contract was down ¾ cent. Fresh market moving news was thin today. Slower exports combined with a drop in ethanol demand and talk of lower feed demand hangs over the market. The weekly COT report will be out this afternoon. Funds currently hold a large short corn position and have shown little to no sign lately of reversing it. The forecast is showing additional rains across much of the Midwest over the holiday weekend as well as for the last week of May. Wet conditions have kept planting progress slow across many areas of the Corn Belt this week. NASS will be out with updated planting progress numbers on Tuesday. The trade is expecting to see U.S. corn planting near 90% complete.
Soybeans closed mixed, as traders moved mostly to the sidelines in front of the weekend. For the week, July futures lost 5 ¼ cents while the November contract was down a penny. Market participants continue to monitor tensions between the U.S. & China. Most recently, China has imposed security laws in Hong Kong, a move which the U.S. has opposed in the past. This combined with the fact China has lowered its economic growth targets has traders questioning whether China will fulfill their Phase 1 requirements, despite the fact they continue to indicate their intention to do so. The fact China has been quiet in terms of new U.S. ag purchases is doing little to ease these concerns. What traders are trying to decipher is if their slow purchasing pace is more political in nature or if they are overwhelmed with the arrival of Brazilian beans. Officials in Brazil estimate the country will export 14.7 MMT’s of soybeans this month. Fresh sales are slowing, however, as Brazil works through its available soybean supply. Argentina’s bean exports have also slowed due to transportation issues, as low water levels restrict barge movement. NASS will be out with updated U.S. planting progress numbers on Tuesday. The trade is expecting to see U.S. soybean planting near 70% complete.
Funds Daily
C -299,000 (-); S -13,000 (-3,000); W -44,000 (-8,000); SM -29,000 (+3,000); BO -20,000 (-4,000)
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 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. ... See MoreSee Less
3 days ago
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Friday, May 22, 2020
Morning Markets: Corn -1 Old & New. Beans -1 Old & New. Wheat -9.
Due to the COVID-19 virus we are locking all outside doors at our offices and conducting business through mail, phone, and email until further notice. We apologize for the inconvenience.
Please be reminded that TFG will NOT price grain outside of CME trading hours. Any questions, please call your local TFG originator. Thanks!
MARKET SUMMARY:
Over the past several days we have seen reductions to corn acreage estimates for this growing season. These have not received much of a reaction in the market however, as even with decreases, corn acres will still likely be well above last year. Given the average reduction to corn plantings we may still see a crop of 15.5 billion bu which is more than enough to cover projected demand. This size of a corn crop would still leave the United States with nearly 3 billion bu. of new crop ending stocks as well, which is far from bullish. Given the fact the world corn inventory is expected to jump considerably from this year to next further removes the need to show concern with a possible reduction to US plantings. The greatest unknown in corn plantings remains in the fringe areas of the Corn Belt where continued rainfall is again slowing planting progress. The other side of this equation is a possible increase in soybean plantings. This potential increase to production may be more easily absorbed in balance sheets. New crop carryout is currently predicted at 405 million bu., and that is with a robust 49.8 bushel per acre yield being forecast. If the acres that analysts are predicting to drop from corn end up being planted to soybeans, it would increase ending stocks to 500 million bu. if everything else remains constant. Given these possibilities, it is not out the question we could see adequate plantings and production of both corn and soybeans this year. Of course, we must consider the demand side of this, and that is where the greatest unknown is. This is especially true on corn and how quickly we see a return to normal ethanol manufacturing volumes.
Crude Oil is down $2.19 at $31.73.
US Dollar is up $0.393 at $99.763.
Global Equities: Japan -0.9%, China -5.6%, and Europe -0.3%.
Dow futures is down 107 points at 24,269.
EU MATIF Exchange: Corn -0.3% and Wheat -0.9%.
Malaysian Palm Oil: -1.5%.
Dalian: Corn -0.8%, Soybeans +1.2%, and Meal -0.4%.
WEATHER:
• NOAA’s 8 to 14-day outlook has turned chillier for much of the Midwest while maintaining the trend to a drier outlook. NOAA released their 30 and 90-day outlook yesterday. The maps are showing a wetter bias for nearly the entire Corn Belt through the Southeast and Eastern Seaboard.
OTHER HEADLINES:
• WEEKLY EXPORT SALES: Corn: 884,000 mt vs trade estimates of 500 – 1,000; sold 88% of USDA estimate vs 89% average. Soybeans: 1,205,000 mt vs trade estimates of 500 – 1,000; sold 91% of USDA estimate vs 96% average.
• China will draft and carry out in 2020 a response plan for ensuring food security amid the global coronavirus pandemic, the country's state planner said on Friday. Beijing will also draw up a new national medium-to-long-term plan in the new year to secure food supplies. This could include restocking with US supplies.
• The crop tour in Kansas estimated the state’s wheat yield at 44.5bpa and total production at 284.4 million bu. This is below the USDA’s estimate of a 47bpa yield and total production of 305.5 mb.
• The average trade estimate for today’s Cattle on Feed Report has the number of cattle on feed as of May 1st at 95.1% of a year ago. Placements in April are pegged at 77.4% and marketing’s are estimated at 75.1%.
• Yesterday afternoon’s Cold Storage report showed total red meat in freezers down 1% from the previous month but up 5% from last year. Beef supplies were down 2% from the previous month but up 14% from last year. Frozen pork supplies were down fractionally from last month and down 1% from last year.
• German authorities said they closed another packing plant after an outbreak of coronavirus among its workers. The plant had already been on reduced operations slaughtering pigs after a previous discovery of coronavirus.
EXPORT NEWS:
• N/A
Have a great 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 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. ... See MoreSee Less
4 days ago