Northern Illinois Alliance first facility in country to participate in responsible ag program
- Afternoon Market Update: #corn +3 1/2, #soybeans +24 1/2, and #wheat +12 1/2 at the close today
- Morning Market Update: #corn -1 1/4, #soybeans +6, and #wheat +1 1/2 after the overnight trade
- Afternoon Market Update: #corn -2 1/4, #soybeans +1 3/4, and #wheat -3/4 at the close today
- Morning Market Update: #corn -1/2, #soybeans +5 3/4, and #wheat -2 3/4 after the overnight trade
Wednesday, October 14, 2015
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elburn cooperative welcomes taiwanese delegate to morris location
ELBURN COOPERATIVE WELCOMES TAIWANESE DELEGATE TO MORRIS LOCATION
Overview and Tour of Elburn Cooperative’s River Terminal After the Taiwanese Delegation Signs Letters of Intent to Purchase Illinois Crop
MORRIS, Ill., Sept. 23, 2015 – On Friday, Sept. 18, 2015, Illinois Gov. Bruce Rauner signed letters of intent with the Taiwanese government to purchase nearly $250 million in Illinois corn and soybeans in 2016 and 2017. The signing occurred at the Harford family farm in Mazon, Ill. with many U.S. grain industry representatives present, including representatives from the Taiwan Feed Industry Association and the Taiwan Vegetable Oil Manufacturers Association. Following the signing of letters, guests visited Elburn Cooperative’s river terminal location in Morris, Ill. for an elevator overview and tour.
Phil Farrell, president of Elburn Cooperative and Jeff Neisler, manager of Elburn Cooperative’s Morris grain river terminal location led the overview and tour.
“We were very excited to entertain the group from Taiwan as they are an important market for Illinois corn and soybeans,” explained Farrell. “We were fortunate enough to witness the signing of their letter of intent to buy these commodities with us at the Harford Farm just prior to visiting our elevator in Morris. The letter of intent was signed by the delegates from the trade group as well as Governor Rauner and representatives from the Illinois Soybean Association and the Illinois Corn Growers.”
Those present at the signing of the letters at Harford family farm in Mazon, Ill., included: Illinois Department of Agriculture Director Philip Nelson, Deputy Minister Wang, Illinois Soybean Association Chairman Mr. Daryl Cates, and Illinois Corn Marketing Board Chairman Mr. Jim Raben.
This local meeting occurred following the Taiwanese delegation visiting Washington, D.C. on Wednesday, Sept. 16, 2015 to meet with officials and U.S. grain industry leaders to take part in a signing ceremony at the U.S. Capitol. The letters committed Taiwanese buyers to purchase approximately $3.03 billion worth of U.S. corn and co-products, wheat, and soybeans by 2017.
Photos from the Washington, D.C. signing event are available at http://bit.ly/1FfcCex.
Photos from the tour at Elburn Cooperative’s grain river terminal in Morris, Ill. are available at http://on.fb.me/1V9mkX6.
Our team of agronomy salespeople and operators recently attended Roundup Ready Xtend training at Monsanto’s Learning Center near Monmouth, Illinois.
We were able to get an up-close look at some exciting technology coming in the near future, bringing new weed control options for our customers. The training included learning more about the overall Roundup Ready Xtend Crop System, including Roundup Ready 2 Xtend Soybeans and Roundup Xtend Herbicide.