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
Jul 01, 2020    
Sep 01, 2020    
Jan 01, 2021    
Quotes retrieved on July 07, 2020, 11:39:25 AM 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 July 07, 2020, 11:39:25 AM CDT

NEWS


Ag Market Commentary
Beans Lower at Midday
Soybean futures tried to add to the rally, but are back in the red at midday. Front month soybean future are trading 1 1/2 to 4 cents lower, save for in delivery July contracts which are still fractionally higher. Soymeal futures also reverted back t...
Tuesday Trading has Cotton Higher
Cotton futures are in the black at midday with gains of 13 to 24 points so far. July and October futures are UNCH and down 2 points on just 226 contracts OI combined. There have been 307 deliveries against July futures, the contract expires on Thursd...
Hog Market Mixed at Midday
The Tuesday session sees front month lean hog futures trading in both directions so far. Aug and Oct contracts are 32 and 22 cents in the black respectively, while the deferred contracts are down by as much as 40 cents. The CME Lean Hog index for Jul...
Ag Market Commentary
Corn futures are lower on Turnaround Tuesday. New crop futures are down the most so far with losses of 4 1/4 to 4 3/4 cents. There have been zero deliveries against July corn futures to date, but CME noted 16 deliveries against July ethanol. The 202...
Corn Pulling Back at Midday
Corn futures are lower on Turnaround Tuesday. New crop futures are down the most so far with losses of 4 1/4 to 4 3/4 cents. There have been zero deliveries against July corn futures to date, but CME noted 16 deliveries against July ethanol. The 202...
Cattle Firmly Mixed so far
Live cattle futures are within a quarter of either side of UNCH at midday. Front month feeder cattle futures are trading in the red so far, with Aug down the most at midday. The July 3 Feeder Cattle index was up a dime to $128.98. USDA reported some ...



ANNOUNCEMENTS

Legacy Grain Hours 

M-F: 7AM - 4PM.

 

 

USDA Coronavirus Assistance Signups:

https://www.farmers.gov/cfap

HOW TO SIGN UP AT HOME VIDEO:

 Clickable Linkhttps://www.youtube.com/watch?v=mGXl7dr8kaQ

Must have Microsoft Excel to sign up at home on computer. 

Signups for CFAP have officially begun! 

Call 877-508-8364 if you need 1-on-1 Assistance in Signing Up.

Please Call us at Stonington or Moweaqua to obtain the required reports to sign up.

 

Click here to view the INSIGHT Program Performance!

2020 Tax Information Regarding 1099's
Legacy Grain Fiscal Year Ended
April 30, 2019



DAILY MARKET COMMENTARY

 7/6:

Corn-  Corn futures closed 2 to 3 cents higher, but the volatility in the market was lower than expected after the long weekend. The forecast still looks warm and dry early this week, but there are some slightly cooling and increased thunderstorm possibilities later this week. Rainfall is expected to be confined mostly to the west early this week, with some isolated rain chances in the east towards the weekend. Weather will be the main driver for the trade this week as many areas are approaching the key crop development time frame. The crop progress report will be out this afternoon. Ratings are expected to be mostly steady as the ratings remain supported have last week’s rains. Ratings will be closely watched over the next couple of weeks to determine how this heat impacted the crop potential. The USDA announced the sale of 202,000 tons of corn sold to China in 20/21. They also announced the sale of 182,880 tons of corn sold to Mexico, with nearly 122K slated for 20/21 and the balance expected for 21/22. Corn inspections this morning totaled 37.9 Mln. bu. Total inspections now stand at 1.346 Bln. bu. and need to average 53.5 Mln. bu. per week to meet the USDA target. The commitment of traders’ report will be out this afternoon. 

Beans- Soybeans closed higher as it was the leader in the strength today. A concerning warm forecast as well as increased export interest offered the help today. The USDA announced a sale of 264,000 tons of beans to China in 19/20. There was also talk today that China was looking for additional offers for U.S. beans for that fall time frame. Export inspections totaled 19.2 Mln. bu. Total inspections stand at 1.371 Bln. bu. and need to average nearly 35 Mln. bu. per week to reach the USDA target. The crop progress reports this afternoon are expected to show bean ratings steady from last week. Despite the recent strength in bean futures and equities, there remains underlying concern about U.S. and Chinese relations. There remains at least some fear that the Phase 1 trade deal could be unwound in some way if tensions between the two countries would escalate over the treatment of Hong Kong. 



WEATHER


Weather
Stonington, Illinois (62567)

Current Conditions Sunny
Temperature 88°F
Dew Point 72°F
Pressure 30.02 in. Hg
Humidity 59%
Wind 0 mph
From


Forecast


The CME Group Intercontinental Exchange