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
Monday, July 13, 2020
Closing Markets: Corn -8 Old & New. Beans -13 Old & -15 New. Wheat -9.
Market Recap:
Corn futures closed weaker today, as a more favorable forecast for the Midwest weighed on prices. Recent weather maps suggest parts of the Midwest will see showers and thunderstorms over the next week, while temperatures are expected to be less extreme than previous forecasts. Both of which, should be favorable for pollination. NASS will release updated crop progress/conditions this afternoon. Last week’s report estimated the U.S corn rating at 71% good to excellent. Traders are expecting to see conditions decline by 1-3% in today’s report. USDA released weekly export inspections this morning. Corn inspections fell within trade estimates at 35.5 million bu. This was, however, a noticeable drop from last week’s 40.7 million bu. and marked the lowest corn inspections number in 12 weeks. This morning’s total was also slightly below the weekly amount “needed” (approx. 38 million bu.) to reach USDA’s annual export projection. This week’s total did include 119,000 tons of corn to China.
Soybean futures also closed the session lower today. A mostly favorable forecast for bean development coupled with news reports late last week that President Trump is doubtful about moving forward with a 2nd phase of trade agreements with China (due to dissatisfaction regarding China's actions in the early days of the coronavirus outbreak) hung over the market. This morning’s weekly U.S. soybean export inspections fell within trade expectations at 17.8 million bu. but were disappointing nonetheless, as they were below the average weekly total “needed” of approx. 25+ million bu. the balance of the marketing year to reach USDA’s annual export projection. Of this week’s bean total, China took 163,000 tons. To date, China has more than 3 MMT of U.S. soybean purchases outstanding for 19/20. For reference, China should be booking 1.5 - 1.8 MMT’s of U.S. beans per week to fulfill their purchase pledges. NASS will release updated crop progress/conditions this afternoon. Last week’s report estimated the U.S bean rating at 71% good to excellent. Traders are expecting to see conditions decline by 1-2% in today’s report.
Funds Daily
C -221,000 (-20,000); S +38,000 (-20,000); W -25,000 (-9,000); SM -30,000 (-10,000); BO -7,000 (-2,000)
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
33 minutes ago
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Monday, July 13, 2020
Morning Markets: Corn -8 Old & New. Beans -7 Old & -9 New. Wheat -3.
MARKET SUMMARY:
Most of the numbers released in the July balance sheets came out as expected. One number that was lower than expected would be the new crop ending stocks on corn, which were 80 million bu. under expectations. That said, corn ending stocks are still forecast to increase 400 million bu. from old crop to new crop and remain ample. Soybean reserves are also expected to remain adequate at 425 million bu. next year. This is nearly 200 million bu. less than the old crop carryout though, which is helping to limit the bearish fallout from the large old crop ending stocks. One bright spot for both corn and soybeans was an increase to average cash values. The average cash corn value is now $3.35, and soybeans are at $8.50. This was a 15-cent increase on corn and a 30-cent bump for soybeans. Now that the monthly supply and demand report is out of the way, trade will once again focus most of its attention on two factors: weather and crop reports. Weather will be key as some forecast models expect heat to return to the Corn Belt this week and last through the end of the month. This will cover most of the pollination period on corn. The question is how much precipitation will be received with this heat to help alleviate its impact. We will also start to receive more yield estimates with this development. Surprisingly, some crop scouts have raised their yield projections on both corn and soybeans in recent weeks, even with adverse weather. These are being based on crop ratings which remain higher than usual despite less than favorable conditions. While crop ratings are not an accurate indicator of yield potential, they do signal how much stress has been applied to the crops. The next big USDA report will be the WASDE report in August which is a month away.
Crude Oil is down $0.79 at $39.76.
US Dollar is down $0.141 at $96.511.
Global Equities: Japan +2.5%, China +0.2%, and Europe +1.0%.
Dow futures is up 173 points at 26,150.
EU MATIF Exchange: Corn -0.5% and Wheat +0.1%.
Malaysian Palm Oil: +0.6%.
Dalian: Corn +0.1%, Soybeans -0.8%, Meal -1.5%.
WEATHER:
• The weather models are conflicting with the GFS calling for showers and thunderstorms for nearly the entire Corn Belt while the EU model places the rainfall across the northern sections of the Belt.
• NOAA’s 6 to 10 and 8 to 14-day maps suggest a slightly wetter than normal pattern for the northern and eastern sections of the Belt.
OTHER HEADLINES:
• This afternoon’s Crop Progress report is expected to show a 2- 4-point drop in corn ratings and a 1- 2-point drop in bean ratings. Last week’s report showed the corn crop rated at 71% G/E while the beans were rated 71% G/E.
• President Trump said Friday that he is not thinking about a “phase two” of the U.S. trade deal with China, adding that the relationship between the two nations has been “severely damaged” by the coronavirus pandemic. The status of the trade agreement has come under question amid the Covid-19 crisis.
• OPEC and its Russian led allies will meet on Wednesday to discuss the group’s current and future production. The trade is expecting the group to curb oil production by 2 million barrels per day.
• Friday’s COT report showed that funds were net long 99,243 contracts of soybeans, up 31,407 and 19,418 contracts of soy oil, up 18,109. Funds were net short; 141,741 contracts of corn, down 59,907, short 33,529 contracts of Chicago wheat, down 5,283 and short 21,910 contracts meal, down 30,587 lots.
• Outbreaks of deadly African swine fever are surging in some parts of southern China following heavy rains. Farmers typically bury infected pigs, and the rains may have spread the disease via groundwater. China continues to auction off pork reserves.
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
8 hours ago