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
Tuesday, January 19, 2021
Closing Markets: Corn -5. Beans -31. Wheat -3.
Market Recap:
Corn futures closed weaker to start the holiday-shortened week, marking two days in a row now for the old crop months. A better early wheat market offered support this morning but that eventually gave way as wheat drifted off its highs. Support for March corn still sits in the $5.17 to $5.20 gap area left after last week’s report. Corn inspections totaled 34.5 million bu. last week versus 51.7 million bu. the week prior. Total inspections for corn now sit at 680 million bu. and need to average 58.4 million bu. per week to reach the USDA goal. Wheat inspections for the week totaled 10.2 million bu. and need to average 21.7 million bu. per week. Rain in Argentina and Brazil over the weekend helped pull futures lower. Weaker overall cash markets last week providing some overhead resistance as well. The USDA announced sales this morning of 128,000 tons of corn to Japan and 100,000 tons of corn to Israel. Both are for this marketing year. The commitment of traders’ report on Friday showed that the corn funds continue to add to their net long positions. Going into Tuesday’s trade, the corn net long was estimated at 414,000 contacts, just shy of the record of 429,189 contracts. Chicago wheat firmed early today on continued talk that Russia will be raising its export tax again on March 1st. This has helped firm world wheat prices and may offer some additional wheat export business back to the U.S.
Soybeans closed sharply lower today as the March contract closed at the lowest level since January 11th. It also closed back below the $14.00 mark. Good rains in Argentina and Brazil over the weekend aided in the weakness as well as lower veg-oil markets. Malaysian palm oil markets closed sharply lower again this morning. The USDA announced a sale of 132,000 tons of beans to China for the 21/22 marketing year. Argentina saw some good rain overall a large part of their growing area through the weekend. Some sporadic rains will continue for a couple of days before a drier profile develops again. There is still some hint of some better rain chances later in the month, which will be needed as subsoil moistures in Argentina remain dry overall. Brazil still looks good enough for now with some isolated bean harvest being seen. Bean inspections totaled 75.63 million bu. this week. Last week’s inspections were adjusted higher slightly to 67.9 million bu. Total bean inspections now stand at 1.578 billion bu. and need to average 20.4 million bu. per week to meet the USDA goal. EIA figures, including ethanol data, will be delayed until Thursday this week. Export sales will be out on Friday.
Funds Daily
C +480,000 (-8,000); S +134,000 (-17,000); W +2,000 (-); SM +60,000 (-10,000); BO +57,000 (-5,000)
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
16 hours ago
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Tuesday, January 19, 2021
Morning Markets: Corn -2. Beans -20. Wheat +10.
MARKET SUMMARY:
Grains were on the positive side overnight with corn up 1-2 and wheat up 12-14. Soybeans were weaker with 8-10 cent losses. The US dollar was weaker overnight while the equity and energy markets were firm. Improved weather conditions and building worries over the spread of global Covid cases weighed on trade to start the week. There is little doubt that this week’s trade will pick up where last week ended, with rationing being seen on most contracts. This started on soybeans and shifted to corn last week after the USDA cut ending stocks to 1.5 billion bu. on the monthly WASDE report. While this is a historically adequate number, it lowers the stocks to use on corn to 10% which is where rationing is warranted. Same as with soybeans though, other source of corn in the global market are slowing their sales, mainly Ukraine. We are starting to see corn out of Argentina move into the global market though which is helping limit US sales. This does not mean we do not need to give up on rationing soybeans, however. The US soybean carryout is currently estimated at 140 million bu. and the case can be made this is too high, especially with recent flash sales and crush figures. The United States almost needs to see all exports stop to see this carryout level hold, which seems unlikely. The answer to how much demand we continue to see will be determined by the South American crop and how much of the world’s needs it can satisfy.
Crude Oil is up $0.23 at $52.59.
US Dollar is down $0.248 at $90.517.
Global Equities: Japan +0.6%, China +2.7%, and Europe +0.3%.
Dow futures is up 183 points at 30,903.
EU MATIF Exchange: Corn +1.8%, and Wheat +1.6%.
Malaysian Palm Oil: -2.6%.
WEATHER:
• U.S. precipitation is seen picking up this weekend into the 6-10 day period, with temps returning back to above-normal levels into late January as well.
OTHER HEADLINES:
• China's grains imports soared to record highs in 2020, customs data showed on Monday, after tight domestic corn supplies pushed prices to multi-year peaks, driving demand for cheaper imports. China, the world's top agricultural market, bought a record 11.3 mmt of imported corn last year, including 2.25 mmt in December alone.
• Ukrainian grain traders said on Tuesday they saw no grounds to restrict corn exports for the 2020/21 season, a move requested by animal feed and meat producers to avoid higher feed prices. Ukraine's economy ministry and agricultural unions will decide on Jan. 25 whether to limit corn exports for the 2020/21 marketing season to 22 million tonnes.
• The world’s top producers of palm oil, Indonesia, and Malaysia are looking to join forces for the first time to run an advocacy campaign in Europe, where increasingly tight regulations are threatening sales in their third biggest market.
• Malaysian palm oil futures fell 2% on Tuesday, closing at its lowest in almost two months, on worries over weakening exports ahead.
• The Mexican government indicated last week that not only food, but feed grains would also be included in their non-GMO corn policy which will be phased in over the following 3 years. Most in the trade believe the decree is unworkable due to higher costs and a supply chain infrastructure that has developed around GMO corn.
• AgRural estimating Brazilian soy farmers have harvested 0.4% of the soybean area versus 1.8% a year ago. Summer corn harvest is estimated at 3.4% complete in the Center-South of Brazil, up from the 2.5% at the same time last year. The entity is reporting initial yield reports indicate a degree of crop failure because of climate issues.
• Rumors circulating that Argentina will increase export taxes on corn, soy, and wheat.
EXPORT NEWS:
• Export sales of 132,000 metric tons of soybeans for delivery to China during the 2021/2022 marketing year.
• Export sales of 128,000 metric tons of corn for delivery to Japan during the 2020/2021 marketing year.
• Export sales of 100,000 metric tons of corn for delivery to Israel during the 2020/2021 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. ... See MoreSee Less
23 hours ago