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
Thursday, July 29, 2021
Closing Markets: Corn +9 Old & +7 New. Beans +17 Old & New. Wheat +16.
Market Recap:
Good afternoon. Corn futures closed 7-9 cents higher in a 10-cent trading range. Funds were buyers of 5,000 contracts at mid-session to add to an estimated long position of 223,000 contracts. The spring wheat tour reflecting large cuts to yields is not new news, but the trade seemed to remember again that this is probably not a good sign for corn yields in the northwest corn belt, and this, coupled with continued dry forecasts in much of the western corn belt allowed a firmer marketplace. Must remember it’s only the end of July and we have a weather market to trade at least another month. Yield projections run from 171 to 183 and the trade is gravitating towards 176-178 currently it seems. Weekly export sales were disappointing in old crop at -4.5 million bu. with YTD commitments at 2.742 billion bu., bringing concern we won’t reach USDA projections of 2.850 billion bu. 21/22 sales at 20.8 million bu. bring YTD new crop commitments to 656 million bu. Trade is impatient for 21/22 export announcements to take off, but with Brazil buying Argy corn and not having fob offers past October, Argentina shipping corn to Brazil, and feed wheat and barley prices firming, it seems more if than when regarding sales picking up. Ukraine is selling corn to the far east in quantity, but their export supply cannot supplant S. American shortfalls.
Soybeans closed 15-16 cents higher (other than SQ) in a 20-cent trading range. Funds were buyers of 11,000 contracts at mid-day to add to an estimated long position of 92,000 contracts (they seem to be willing to build a larger long position again). Chinese meal purchases and weather concerns added some premium in bean future today and funds were buyers in SBM and SBO today also. As beans are an “August crop” there’s plenty of talk regarding yields, but so far it seems industry estimates are holding just under 50 bpa (but there’s not much room for reductions if you believe the demand outlook). 132tmt of soybeans were sold to unknown destinations for 21/22. Weekly export sales were a negative 2.9 million bu. and YTD commitments are 2.275 billion bu. vs. 2.270 billion bu. projected. New crop export sales at 11.5 million bu., bringing new crop sales to 374 million bu. China is buying some March 2022 Brazil beans, but Brazil is thought to about be out of old crop beans to sell. Trade waits for China to become a more aggressive buyer of U.S. new crop beans.
Chicago wheat 16 cents, higher, KC 15 cents higher, MN 15 cents higher. Spring wheat the leader but Baltic Sea wheat futures higher also contributed. Funds bought enough contracts today to get back to even. Weekly export sales of 18.9 million bu. bring YTD commitments to 298 million bu. vs. 350 million bu. last year.
Funds Daily
C +140,000 (+3,000); S +23,000 (+3,000); W -32,000 (+3,000); SM +4,000 (-); BO +22,000 ()
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.
... See MoreSee Less
15 hours ago
View Comments
- Likes: 0
- Shares: 0
- Comments: 0
Thursday, July 28, 2021
Morning Markets: Corn +2 Old & New. Beans +10 Old & New. Wheat +6.
MARKET SUMMARY:
Grain futures were all up overnight as light buying developed ahead of month end. The US dollar was weak, the equities were mixed, and the energy complex was on the positive side. Even though we are not even to the end of July, trade is already starting to place interest on the upcoming WASDE report that will be released on August 12th. The August report tends to be when trade places more attention on the production side of the data as more information on the developing crop becomes available. This year trade will pay even more attention on production as there is no room for loss, especially on soybeans. It is unlikely we will see a significant reduction to either corn or soybeans at this time though, as even with less than perfect weather across the United States, it is hard to accurately determine if production loss has occurred. Trade may wait until actual field collected samples are taken for the September report before adjusting their numbers. The same is not true for South America and other production regions of the world. Heavy losses have been reported in Canada on both wheat and canola. The European Union is also reporting yield loss on wheat following floods, as has the Black Sea where drought has taken place. The most attention may fall on US wheat production as the tour through the spring wheat belt is finding one of the worst crops in recent history.
Crude Oil is up $0.18 at $72.57.
US Dollar is down $0.279 at $92.043.
Global Equities: Japan +0.4%, China +3.3%, and Europe +0.5%.
Dow futures is up 131 points at 34,965.
EU MATIF Exchange: Corn +0.5%, and Wheat +1.2%.
Malaysian Palm Oil: +2.6%.
Dalian: Corn -0.2%, Soybeans -0.2%, Meal +1.6%.
WEATHER:
• Thunderstorms rolled across WI last night which are dissipating as they roll across N IL this morning. Over the next 48 hours, another rain event will occur from E NE thru SW IA and across a large portion of MO where 1 to 2” rains are possible. The maps are cooler starting this weekend and eventually warm back to above normal by late next week.
OTHER HEADLINES:
• The U.S. Department of Agriculture confirmed the deadly hog virus African swine fever in samples from pigs in the Dominican Republic, the agency said on Wednesday, fueling concerns about the disease creeping closer to the United States. The positive tests represent the first detection of the disease in the Americas in about 40 years, according to the National Pork Producers Council, a U.S. industry group.
• China's cabinet said on Wednesday it will step up emergency adjustments of its pork reserves and take measures to stabilize hog prices, reiterating Beijing's concern after extreme volatility in the world's biggest pork market. Chinese hog prices have plunged sharply this year, eroding profits for farmers and raising concerns that many could stop raising pigs.
• Spring wheat yields across the northwest quarter of North Dakota are well below average this year as severe heat and long stretches of dry weather sapped crop potential, scouts on an annual tour of the country's top producing state said Wednesday. The tour estimated the average yield at 24.6 bushels per acre (bpa) on the second day of the three-day Wheat Quality Council tour, down from 40.8 bpa in 2019 and the five-year average of 42.4 bpa. The tour was canceled last year because of the coronavirus pandemic.
• The Senate voted to push ahead with a bipartisan infrastructure plan, which will start the process of debating and amending the bill. The total cost of the plan is $1.2 trillion over eight years, with $550 billion of that expected to be new spending into transportation, utilities, and broadband.
EXPORT SALES:
• Corn: -115,200mt 20/21 crop. 529,300mt 21/22 crop. (Estimates: -(100,000)-300,000/100,000-300,000).
• Soybeans: -79,300mt 20/21 crop. 312,800mt 21/22 crop. (Estimates: -(100,000)-300,000/100,000-300,000).
• Wheat: 515,200 21/22 crop. (Estimates: 350,000-600,000).
• Meal: 87,300mt 20/21 crop. 73,100mt 21/22 (Estimates: 50,000-200,000/25,000-125,000)
• Oil: 2,200mt 20/21 crop. (Estimates: (0-10,000).
EXPORT NEWS:
• Export sales of 132,000 metric tons of soybeans for delivery to unknown destinations during the 2021/20222 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
21 hours ago