Premier Cooperative

2018 Harvest Update

October 5, 2018

While I am new to Central Illinois, the team here at Premier Cooperative has shared that harvest is coming along well and is, compared to previous years, ahead of schedule.  Jim Deters, Premier Cooperative’s Chief Finance Officer, has been tracking harvest progress and we would like to share what has been accomplished so far this harvest season:

Your 26 locations have taken in excess of 30.7 M bushels of corn, 9.4 M bushels of beans and 1.9 M bushels of Non-GMO beans as of October 4th.  Reported yields are slightly ahead of expectations and when such numbers are converted to acres harvested, it implies 142,000 acres of corn has been combined and another 172,000 acres of beans are “in the bin”.  Taking this a step further, this translates to nearly 500 square miles of farm land that has been harvested here in Central Illinois!

A vast majority of the bushels entrusted to Premier are being stored on site in either fixed or temporary storage facilities; however, in preparation for harvest storage needs, a number of bushels have also been marketed.  This process has involved loading 1,300 rail cars, transferring 1,745 tractor/trailers between locations and another 1,330 tractor-trailer loads to processors.

In the approximate 24-days since the 2018 harvest began, our customers and team have done an amazing job of influencing the agribusiness marketplace here in Central Illinois and beyond.  As we progress through the balance of harvest, we ask that our team and our valued members reflect on the logistics associated with bringing this crop to market.  Jeff Breen and the entire Operations/Administrative team are doing all they can to ensure your fall harvest remains both SAFE and as efficient as possible.

Thank you for the trust you put in the Premier Cooperative team to get the results of your 2018 growing season to market.  Take care of yourselves, be well and continue enjoying a SAFE and fruitful Harvest Season!

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CORN SOYBEANS WHEAT, SRW
Price (+/-) Price (+/-) Price (+/-)
10/31/18 3.34
0'4
Chart 8.19
-0'4
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11/30/18 3.34
0'4
Chart 8.19
-0'4
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12/31/18 3.50
0'4
Chart 8.39
-0'4
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1/31/19 3.54
0'6
Chart 8.44
-0'4
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2/28/19 3.58
0'6
Chart 8.46
-0'6
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3/31/19 3.61
0'6
Chart 8.51
-0'6
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4/30/19 3.63
0'4
Chart 8.55
-0'6
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5/31/19 3.64
0'4
Chart 8.59
-0'6
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6/30/19 3.65
0'4
Chart 8.62
-1'0
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7/31/19 3.68
0'4
Chart 8.65
-1'0
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10/31/19 3.70
0'0
Chart 8.99
-1'0
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11/30/19 3.70
0'0
Chart 8.99
-1'0
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12/31/19 3.74
0'0
Chart 9.06
-5'2
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1/31/20 3.75
0'0
Chart 9.11
-5'2
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3/31/20 3.78
0'0
Chart 9.14
-5'0
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5/31/20 3.83
-2'2
Chart 9.16
-5'2
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7/31/20 3.86
-0'6
Chart 9.19
-4'6
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