Welcome To Legacy Grain Cooperative

Our Mission Statement

Advancing our Legacy by creating value via modern facilities, dedicated employees, superior service and sound marketing. 
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CASH BIDS

Name Cash Price Basis
Legacy Grain    
Quotes retrieved on September 15, 2019, 03:11:42 PM CDT
All grain prices are subject to change at any time.
Cash bids are based on 10-minute delayed futures prices, unless otherwise noted.


FUTURES


Futures
Quotes retrieved on September 15, 2019, 03:11:42 PM CDT

NEWS


Ag Market Commentary
Wheat Nicked by Friday Profit Taking
Wheat futures ended the Friday session with most KC and MPLS contracts steady to 4 cents lower and CBT slightly higher. Credit that to pre-weekend profit taking. On the week, Dec CBT wheat was up 4.26%, with KC 1.53% higher and MPLS up 2.12%. CFTC da...
Ag Market Commentary
Corn futures closed firm to 1 3/4 cents higher in most contracts, as Dec was up 3.73% on the week. The 8-14 day outlook shows above normal temps for most of the contiguous US into the last half of September. Friday’s Commitment of Traders report sh...
Soybeans Hold Gains on Friday
Soybeans futures saw 1 to 3 1/4 cent gains on Friday, with Nov 4.78% higher this week. Soybean meal was $2.10/ton higher, with soy oil 8 points lower. USDA reported a private export sale of 204,000 MT of soybeans to China for 2019/20 delivery. That w...
Cattle Close Mixed, Show Record Fund Net Short Position
Live cattle futures settled the Friday session with most contracts 10 to 65 cents lower, as October was down 3.37% this week. Feeder cattle futures were mixed, with nearby Sep down 35 cents and other front months steady to 12.5 cents higher. The CME ...
Corn Up 3.73% This Week
Corn futures closed firm to 1 3/4 cents higher in most contracts, as Dec was up 3.73% on the week. The 8-14 day outlook shows above normal temps for most of the contiguous US into the last half of September. Friday’s Commitment of Traders report sh...
Cotton Closes Mostly Higher
Cotton futures closed the day with 7 to 20 point gains in the front months, thinly traded Oct down 49 points. Dec gained 6.32% this week. China did give tariff exemptions from the second round of implementation to several US ag goods, though there wa...



ANNOUNCEMENTS

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7 AM to 4 PM All Locations

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2019 Tax Information Regarding 1099's
Legacy Grain Fiscal Year Ended
April 30, 2018



COMMENTARY

9/13/19:

Markets were quiet but slightly positive. Corn closed UP 1.5 cents and Soybeans closed UP 3 cents. Markets traded higher most of the day until the close. Markets did some follow-thru buying after the report yesterday. Corn and Soybeans were making new highs. Dec Corn futures gained 13 cents this week. Nov Soybean futures gained 41 cents this week, led by the huge day they had yesterday following the USDA report. Adding support to the markets is positive trade news coming with China announcing tariff delays on U.S. Soybeans and Pork. There is still uncertainity regarding their intentions on no additional tariffs or just no tariffs on certain quantities of goods. Also Trump has signaled he is open to a interim agreement to help with the China trade dispute and push things in the right direction. The 2 sides are going to hold "high-level" rep meetings in Washington in early October. 

 

9/12 USDA WASDE Report Summary: Corn yield lowered by 1.3 BPA to 168.2 BPA. Corn 19/20 production lowered by 102 mil. bu. to 13.799 bln bu. Corn 18/19 and 19/20 End Stocks slightly higher.  Soybean yield lowered by 0.6 BPA to 47.9 BPA. Soybean 18/19 End Stocks lowered by 65 mil.bu. to 1005 mil.bu., 19/20 Production lowered slightly to 3.633 bil.bu., 19/20 End Stocks lowered by 115 mil.bu to 540 mil.bu. All numbers were in line with what was expected. Viewed as a neutral report to slightly bullish.

 



WEATHER


Weather
Stonington, Illinois (62567)

Current Conditions Sunny
Temperature 84°F
Dew Point 65°F
Pressure 30.04 in. Hg
Humidity 53%
Wind 12 mph
From Southwest


Forecast


The CME Group Intercontinental Exchange