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
Sep 01, 2020    
Jan 01, 2021    
Sep 01, 2021    
Quotes retrieved on September 26, 2020, 11:00:43 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 September 26, 2020, 11:00:43 AM CDT

NEWS


Ag Market Commentary
Beans Hold $10 for Weekend
Soybean futures closed the Friday session 2 1/2 to 5 cents in the black after 4 days of drops. For the week Nov beans were down 3.93%. Soymeal futures closed the session up $1.50 to $3.10/ton, but were still down 0.15% wk/wk. Bean oil futures were 38...
Cattle Close Lower
Pre-report positioning left futures down $0.45 to $1.05 on the day. Feeder cattle futures closed the last trading day of the week $1.90 to $2.07 in the red. The 9/24 Feeder Cattle Index from CME was down $0.36 to $142.23. Catch up business for Friday...
Corn Gains ahead of Weekend
Corn futures came back down from the highs on Friday, but still ended the session 3/4 to 1 3/4 cents higher. The Friday gain followed 4 previous days of losses and futures were 3.5% lower wk/wk. NOAA’s 5-day QPF shows limited moisture returning thi...
Friday Wheat Trade Ends Lower
Domestic wheat futures traded lower on Friday. KC HRW futures were down the most closing 7 1/2 to 8 1/4 cents lower. From Friday to Friday, December HRW was down 29 cents. CBT wheat was down by 4 1/2 to 5 3/4 cents at the close. From Friday to Friday...
Hog Market Rallies into Weekend
Traders responded to the Hogs and Pigs report with a triple digit gain on Friday. For October futures that resulted in a 7.89% gain for the week. The national hog herd was ~315k head above the average trade guess, and still above Sept ’19. The quar...
Ag Market Commentary
Corn futures came back down from the highs on Friday, but still ended the session 3/4 to 1 3/4 cents higher. The Friday gain followed 4 previous days of losses and futures were 3.5% lower wk/wk. NOAA’s 5-day QPF shows limited moisture returning thi...



ANNOUNCEMENTS

Legacy Grain HARVEST Hours 

(may differ per locaiton)

9/26 Saturday: ALL LOCATIONS - Open 7AM - TBD.

Sunday: Stonington ONLY OPEN 10AM - 6PM.

Other locations: OPEN Noon - 6PM.

 

 

COVID-19 Updates: We highly recommend wearing masks whenever you visit a Legacy Grain office or you are within 6 feet of a outside worker. Our employees will be wearing them in the office when in a common area and away from our individual desks/offices. Outside workers will also be wearing masks when they are within 6 feet of another worker. If you have a sore throat, cough, fever, chills, runny nose, etc we ask that you call on the phone and do not come inside. We are doing a little bit extra so we can hopefully all get through harvest healthy and safe. 

  

 2021 Fall NGMO Soybean Premium will be $1.40. (This is the same premium as the current 2020 program)

 

Click here to view the INSIGHT Program Performance!

2021 Tax Information Regarding 1099's
Legacy Grain Fiscal Year Ended
April 30, 2020



DAILY MARKET COMMENTARY

 9/25:

Corn-  Corn ended the week on a firmer note with CZ rising 1 ¾ cents and CH up 1 cent as corn finished higher for the first time in five sessions. This week, CZ fell 13 ¼ cents and CH was 14 ¼ cents lower. Commodity fund buying helped support today’s trade as funds purchased an estimated 5500 corn contracts as of midday. Harvest pressure in front of the weekend was light as most producers are just getting started or have yet to begin. Traders expect Monday’s crop conditions report to estimate that 15% of U.S. corn harvest is complete with most of the progress in the southern states. Corn also found light technical support today with CZ closing above the 20-day moving average of $3.64. There was some commercial pricing as the week ended, which was thought to be tied to Chinese buying. China will observe the autumn festival holiday from October 1 – 7. Argentine farmers have begun planting their 2021 corn crop. The Buenos Aires Grain Exchange estimated that 11% of intended acres have been seeded. The average trade guess of September 1st corn stocks in next Wednesday’s quarterly grain stocks report is 2.250 billion bu., or nearly the same as the 2019/20 ending stocks estimate of 2.253 billion bu. in the September WASDE report.

Beans- After closing lower the past four sessions, soybeans reversed course and settled higher to finish the week. SX was 2 ½ cents firmer and SF added 3 cents. This week, SX and SF each lost 41 cents. Commodity funds were back on the buy side of the ledger today with midsession purchases estimated at 4700 soybean contracts. Additional support came from talk that China was buying U.S. soybeans again today, although amounts were not thought to be large. FAS this morning flashed sales of 100,000 MTs of U.S. soymeal to unknown destinations. There was a report that a large Brazilian crusher was importing beans from Uruguay to keep its plants running. Brazil has already imported an estimated 70,000 MTs of Argentine soybeans – it typically only imports about 20,000 MTs a year. At least seven Brazilian soy plants are said to be taking extended downtime in November due to a lack of domestic soybeans. The average trade guess for September 1 soybean stocks in next Wednesday’s quarterly stocks report is 576 million bu., vs. the 575 million bu. 2019/20 ending stocks estimate in the September WASDE report.



WEATHER


Weather
Stonington, Illinois (62567)

Current Conditions Scattered Clouds
Temperature 70°F
Dew Point 63°F
Pressure 29.91 in. Hg
Humidity 78%
Wind 12 mph
From South


Forecast


The CME Group Intercontinental Exchange