Welcome To Legacy Grain Cooperative

Our Mission Statement:

Advancing our Legacy by creating value via modern facilities, dedicated employees, superior service, and sound marketing. 
[read more about Legacy Grain] 


CASH BIDS

Name Cash Price Basis
May 01, 2020    
Jul 01, 2020    
Sep 01, 2020    
Quotes retrieved on May 25, 2020, 01:33:11 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 May 25, 2020, 01:33:11 PM CDT

NEWS


Ag Market Commentary
Soybeans Close with Losses
On Friday soybeans closed with losses of 1 to 2 cents. May ’21 beans gained a penny going into the weekend. Soybean meal futures closed $1.60 to $1.70/ton higher. Friday trading left soy oil futures 47 points lower. The Commitment of Traders report...
Hogs Fall Triple Digits before Break
Going into Memorial Day weekend, lean hog futures closed $1.00 to $1.37 lower, save for June hogs which were 57 cents lower to $58.77 cwt. The CME Lean Hog index was another $1.39 lower on May 20, at $64.59. USDA National Average Afternoon Base Hog p...
Ag Market Commentary
Most of the corn futures contracts finished the last trade day before the holiday break with losses of 1/4 to 3/4 cents. July corn futures closed 1/4 higher at $3.18. The US and China continue to make posturing statements about various issues, but th...
Corn Fractionally Mixed Mostly Lower
Most of the corn futures contracts finished the last trade day before the holiday break with losses of 1/4 to 3/4 cents. July corn futures closed 1/4 higher at $3.18. The US and China continue to make posturing statements about various issues, but th...
Cotton Lower at Closing Bell
After Friday’s trading, cotton futures were down 45 to 89 points. July to Dec carry is 20 points, down 44 points from yesterday. In CFTC’s weekly update, managed money was shown at 9,684 contracts net short. That was 5,324 contracts less net shor...
Wheat Closes Lower ahead of Memorial Day
Front month SRW wheat goes into the weekend after closing 5 to 7 1/4 cents lower on Friday. KC HRW wheat futures closed 9 to 10 cents lower on the last trade day of the week. MPLS HRS futures closed down by 3 3/4 to 5 cents. The CoT report showed SRW...



ANNOUNCEMENTS

Legacy Grain Hours 

M-F: 7AM - 4PM.

 

USDA Coronavirus Assistance Payments Info:

https://www.farmers.gov/cfap

 

HOW TO SIGN UP AT HOME VIDEO:

 Clickable Linkhttps://www.youtube.com/watch?v=Rne7_cIVeFU&feature=youtu.be

Signups begin via at home/FSA offices on May 26th. 

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

 5/22:

Corn-  Corn futures closed the session mostly lower in front of the 3-day holiday weekend. Corn has traded sideways the past 2 ½ weeks. July futures lost 1 ½ cents from last Friday, while the December contract was down ¾ cent. Fresh market moving news was thin today. Slower exports combined with a drop in ethanol demand and talk of lower feed demand hangs over the market. The weekly COT report will be out this afternoon. Funds currently hold a large short corn position and have shown little to no sign lately of reversing it. The forecast is showing additional rains across much of the Midwest over the holiday weekend as well as for the last week of May. Wet conditions have kept planting progress slow across many areas of the Corn Belt this week. NASS will be out with updated planting progress numbers on Tuesday. The trade is expecting to see U.S. corn planting near 90% complete.

Beans- Soybeans closed mixed, as traders moved mostly to the sidelines in front of the weekend. For the week, July futures lost 5 ¼ cents while the November contract was down a penny. Market participants continue to monitor tensions between the U.S. & China. Most recently, China has imposed security laws in Hong Kong, a move which the U.S. has opposed in the past. This combined with the fact China has lowered its economic growth targets has traders questioning whether China will fulfill their Phase 1 requirements, despite the fact they continue to indicate their intention to do so. The fact China has been quiet in terms of new U.S. ag purchases is doing little to ease these concerns. What traders are trying to decipher is, if their slow purchasing pace is more political in nature or if they are overwhelmed with the arrival of Brazilian beans. Officials in Brazil estimate the country will export 14.7 MMT’s of soybeans this month. Fresh sales are slowing, however, as Brazil works through its available soybean supply. Argentina’s bean exports have also slowed due to transportation issues, as low water levels restrict barge movement. NASS will be out with updated U.S. planting progress numbers on Tuesday. The trade is expecting to see U.S. soybean planting near 70% complete.



WEATHER


Weather
Stonington, Illinois (62567)

Current Conditions Sunny
Temperature 82°F
Dew Point 70°F
Pressure 30.00 in. Hg
Humidity 67%
Wind 8 mph
From Southeast


Forecast


The CME Group Intercontinental Exchange