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
Apr 01, 2020    
May 01, 2020    
Jul 01, 2020    
Sep 01, 2020    
Quotes retrieved on April 10, 2020, 03:22:33 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 April 10, 2020, 03:22:33 PM CDT

NEWS


Ag Market Commentary
Hogs Lower on Thursday
On the last trading day of the week, lean hog futures were down $0.32 to $2.77. The CME Lean Hog Index was down by $2.55 at $52.97. The basis continues to weaken. The National Average Base Hog price was down 38 cents to $39.96. The April WASDE update...
Ag Market Commentary
Corn futures ended report day 1 1/4 to 1 3/4 cents higher. The USDA cut U.S. corn used for ethanol by 375 mbu, increased feed and residual use by 150, and left exports UNCH at 1.725 bbu vs. their March numbers. The updates left 2019/20 corn carryout ...
Cattle Market Closes Mixed
Cattle futures traded triple digits in both directions on Thursday, with April $1.17 higher and June contracts $2.30 lower. Feeder futures were lower by $1.45 in April, but the August contracts closed $1.32 higher. The CME Feeder Cattle Index was $11...
Cotton Ends Higher on Thursday
Cotton futures closed Thursday with gains of as much as 59 points in the front months. OPEC agreed to cut crude oil production, and oil prices “sold the fact” by closing near $23.11/ barrel. US cotton export sales from the week ending April 2 wer...
Wheat Market Rallied on Thursday
The wheat futures market ended higher after Thursday trading. KC HRW gained the most with May futures up 14 cents. Chicago wheat was 8 1/4 cents/bu higher in May, and May HRS wheat futures gained 2 1/2 cents. Weather forecasts contain several potenti...
Corn Closes in Black
Corn futures ended report day 1 1/4 to 1 3/4 cents higher. The USDA cut U.S. corn used for ethanol by 375 mbu, increased feed and residual use by 150, and left exports UNCH at 1.725 bbu vs. their March numbers. The updates left 2019/20 corn carryout ...



ANNOUNCEMENTS

Legacy Grain Hours 

M-F: 7AM - 4PM.

Coronavirus/COVID-19 Updates: We are still OPEN. We have implemented Limited Access to our Location Offices and only allowing employees, customers, or contractors inside. If you can conduct business over the phone, please do that. We do ask that if you are sick or have been around someone who was sick to not come in the offices or get near any outside employees.

 Please Call (Ston: 325-3211, Mow: 768-4416, BM: 692-2141, Sharp: 623-5221) if you are sick or around someone that was sick and we will mail or bring documents out to your car.

 

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

 4/9:

Corn-  Corn closed 1-2 cents firmer today and CK closed ¾ of cent higher this week. Fund short covering ahead of an uncertain weekend seemed the feature today as they bought 4,000 contracts at mid-day to cut into an estimated short position of 142,000 contracts. Energy trading and concern over progress between OPEC and Russia regarding cutting crude production has made for very volatile trade in crude futures today and there is currently a $6/barrel trading range. The S&D report was negative, but expected. Ending stocks are now 2.092 bln. bu., an increase of 200 mln. bu. Feed/Residual improved 150 mln. bu. to 5.675 bln. bu. and Exports are unchanged at 1.725 bln. bu., but FSI fell 375 mln. bu. to 5.05 bln. bu. due to the rapid slowdown in corn ethanol production. It is estimated gasoline usage is down 40%+ currently and ethanol storage space is extremely tight. Weekly export sales are a bright spot today, coming in at a marketing year high of 72.8 mln. bu. YTD commitments are 1.374 bln. bu. vs. 1.722 bln. bu. last year. Buyers of note were Japan, S. Korea, and Mexico. It is also estimated that China will increase corn imports to 4 MMT from 1 MMT. The improving corn export picture probably allowed USDA to keep export projections unchanged in the April S&D report. China remains an active buyer of U.S. Sorghum, accounting for 74% of known destination sales. Weekly sales came in at 14.7 mln. bu. and YTD commitments are 120 mln. bu. vs. 40 mln. bu. last year. On the world stage, Brazil/Argentine production is unchanged at 101 MMT and 50 MMT respectively, and close to trade expectations. Brazil’s CONAB estimates their corn production at 101.9 MMT. World corn usage is 18 MMT above production.

Beans- Soybeans closed 9 cents higher today with SK also gaining 9 cents for the week. Funds were buyers of 6,000 contracts mid-day against a beginning of day estimate of short 3,000 contracts. Short covering ahead of the weekend and some technical buying against a weaker dollar in play today. U.S. ending stocks increased 55 mln. bu. to 480 mln. bu. Crush increased 20 mln. bu. but Exports fell 50 mln. bu. and Residual fell 24 mln. bu. It has been an interesting week for soybean products as SBM futures fell $10/ton while SBO firms. Crush margins, net, are declining. Weekly export sales were 19.2 mln. bu., bringing YTD commitments to 1.374 bln. bu. vs. 1.611 bln. bu. last year. China and Egypt the buyers of note. S. American offerings are cheaper than U.S. currently, and this expected to be the case until late summer. On the world stage, Brazil production fell 1.5 MMT to 124.5 MMT (CONAB 122.1 MMT) and Argentine production fell 2 MMT to 52.0 MMT, both about as expected. China soybean imports increased 1 MMT to 89 MMT, an increase of 6.5 MMT over last year. World soybean usage is 10 MMT above production.



WEATHER


Weather
Stonington, Illinois (62567)

Current Conditions Sunny
Temperature 54°F
Dew Point 23°F
Pressure 30.06 in. Hg
Humidity 30%
Wind 13 mph
From West


Forecast


The CME Group Intercontinental Exchange