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, July 23, 2021
Morning Markets: Corn EVEN Old & New. Beans -4 Old & New. Wheat +1.
MARKET SUMMARY:
Interior basis values in the United States are becoming more volatile. Country movement of farm stored inventory is lighter than expected ahead of the upcoming harvest. The June stocks data showed us that farm stored corn and soybeans is considerably less than a year ago and some producers feel they will be able to store the rest of their old crop bushels along with what they will harvest this year. Others want to see what happens with crop development over the next few weeks before marketing their remaining inventory. This has caused basis to strengthen across much of the Corn Belt, but more so in Eastern regions where basis is averaging 10-cents better than in the Western Corn Belt. Processor bids are starting to become more erratic though as processing margins are mixed. Crush margins on soybeans have started to improve which is causing soybean buyers to push for deliveries. Ethanol margins have declined in recent weeks though and are near breakeven in several areas. This is limiting how much interest we are seeing in pushing bids at ethanol plants. Yesterday’s session was heavily influenced by weather and today will likely be no different. The main question is how long the forecast heat will impact the US and if rains will accompany the elevated temperatures.
Crude Oil is up $0.78 at $71.91.
US Dollar is up $0.131 at $92.953.
Global Equities: Japan +0.8%, China -1.5%, and Europe +0.8%.
Dow futures is up 159 points at 34,868.
EU MATIF Exchange: Corn +0.7%, and Wheat +1.1%.
Malaysian Palm Oil: +3.3%.
Dalian: Corn +0.2%, Soybeans +0.5%, Meal -2.1%.
WEATHER:
• NOAA’s 6 to 10 and 8 to 14-day maps continue with the above normal heat for plains and midwestern states. Well below-normal moisture and extreme heat remains in the 6 to 10-day maps. The 8 to 14-day outlook shows above normal moisture for the Great Lakes region. Normal to slightly below normal moisture is now forecasted for the entire Midwest, an improvement from previous maps.
OTHER HEADLINES:
• The average trade estimate for Friday’s Cattle on Feed report has the number of cattle on feed as of July 1st at 99.0% of a year ago. Placements in June are seen at 94.0% and marketing’s are forecasted to fall to 97.8% of a year ago.
• The USDA’s weekly drought monitor showing 36.0% of the US corn crop and 31.0% of the soybean crop experiencing some form of drought, unchanged from last week. Spring wheat area in drought rose 1.0% to 99.0%. Winter wheat area also rose 1.0% to 29.0%.
• The Buenos Aires Grain Exchange reporting corn harvest at 72.0% complete, up 9.8% from a week ago. Wheat seeding is seen at 97.9% complete.
• There is chatter in the trade Canada’s wheat crop could be closer to 21-23 MMTs versus USDA estimate of 31.5 MMTs.
• China's soybean imports are set to slow sharply in late 2021 from a record first-half tally, confounding expectations for sustained growth from the top global buyer and denting market sentiment just as U.S. farmers look to sell their new crop. A collapse in hog sector profitability and a sharp rise in wheat feed use are crimping demand in China, where imports this year may now be less than 100 million tonnes, compared with a recent U.S. forecast of 102 million tonnes.
• Argentina's 2021/22 wheat crop is deteriorating in the country's northern and central farm belt due to inadequate rainfall, the Buenos Aires Grains Exchange said on Thursday, but kept its harvest forecast unchanged at 19 million tonnes.
EXPORT NEWS:
• Export sales of 100,000 metric tons of soybeans for delivery to Mexico during the 2021/2022 marketing year.
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.
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Thursday, July 22, 2021
Closing Markets: Corn -7 old & New. Beans -23 Old & -27 New. Wheat -18.
Market Recap:
Corn closed weaker today but was able to recover somewhat from sharply lower levels seen earlier in the session. A cooler and wetter 11 to 15-day EU weather model hung over the market as did disappointing weekly export sales. Old crop weekly corn export sales this morning showed net cancellations of -3.5 mln. bu., while new crop sales came in at just 1.9 mln. bu. China cancelled 6.3 mln. bu. of old crop corn. Interestingly, China continues to auction off imported corn. Regarding new crop exports, China has booked 10.7 MMT of corn, but recent interest has been slow. With 6 weeks left in the marketing year, corn loadings still need to average over 50 mln. bu. per week to reach USDA’s projection. While the EU weather model does show more favorable conditions for crop development (in the dry areas across the U.S.), the GFS outlook is drier and warmer for the same time period- and this conflict will likely continue to add to market volatility. News continues to circulate this week surrounding the conflict that is building in the Renewable Fuel Industry and future biofuel blending rates, starting w/ the E-15 allowance for year-round use being struck down earlier this month. Now there is a group of Senators claiming all mandates should be removed. Not surprisingly, this has been met with strong opposition. The delays to future blend mandates from the White House is also a rising point of contention in the industry.
Soybeans were sharply lower on long liquidation. As with corn, disappointing export sales numbers and a more favorable EU weather model added to the bearish tone. Funds were aggressive sellers of soybeans (estimated to have sold approximately 12,500-14,000 contracts as of midday). Old crop soybean export sales totaled just 2.3 mln. bu. this morning while new crop totaled 6.5 mln. Bean inspections need to average a little over 10 mln. bu. the next 6 weeks to meet USDA’s forecast. Some small interest in U.S. beans was rumored in the trade this week from China for October but confirmation has been lacking. They were also thought to have bought four cargoes of Brazilian beans (mostly Aug/Sept) and four cargoes of Argentina beans for September. Argentina has been in the news this week on a possible legislative biofuel cut in diesel from 10% to 5%. Originally, this suggested Argentina would have more soy oil to put on the global market, but as more details arise it appears Argentina normally doesn't blend more than 5% anyway- as the last 18 months show Argentina using just 4% biofuel in their diesel.
Funds Daily
C +160,000 (-10,000); S +31,000 (-10,000); W -34,000 (-8,000); SM +5,000 (-4,000); BO +14,000 (-8,000)
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 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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2 days ago