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
Mar 01, 2020    
Apr 01, 2020    
May 01, 2020    
Jul 01, 2020    
Sep 01, 2020    
Quotes retrieved on March 28, 2020, 10:26:14 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 March 28, 2020, 10:26:14 PM CDT

NEWS


Ag Market Commentary
Corn Goes into Weekend on Losses
Friday trades left the front months 2 1/2 to 3 cents lower, but May futures were still up 2 1/4 cents on the week. Private exporters reported an export sale of 114,048 MT of corn to unknown under the USDA daily system, for 2019/20 MY delivery. On Mar...
Hogs Head into Weekend with Limit Losses
Lean hog futures were down the expanded limit in the May and June contracts, April hogs were a nickel off. Friday’s trades erased the week’s early progress as April hog futures were $3.12 lower wk/wk. The CME Lean Hog Index for March 25th was $66...
Cotton Closes Triple Digits Lower
Cotton futures were down 112 to 155 points ahead of the weekend. May futures were 249 points lower from Friday to Friday. The weekly CoT report showed managed money cotton funds were 15,255 contracts net short on 03/24. That is the largest net short ...
Wheat Closed Mixed on Friday
The front month wheat futures came back down from midday highs and finished the day mixed. Friday CBOT wheat was 2 1/4 cent higher in May; up 32 cents on the week. HRW futures were down a half penny, but closed 19 3/4 cents higher wk/wk. May MPLS whe...
Soy Mixed at Fridays Close
Soybeans go into the weekend mixed as the front months May and July were higher, while the nearby Aug and Sept contracts were UNCH and lower. May beans were 19 cents higher Friday to Friday. Soybean meal futures closed the week $2.10/ ton lower, but ...
Limit Losses for Friday Cattle
The last trade day of the week had April cattle futures down the expanded limit, and they will trade with expanded limits again on Monday. April cattle futures were still $2.30 higher Fri/Fri after 4 limit move days. Feeder cattle futures were down t...



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

 3/27:

Corn- Corn futures closed lower today. For the week, CK corn was up 2 ¼ cents while CZ was a penny firmer. Uncertainty continues to envelope the market regarding the coronavirus, demand, weather, U.S. spring acreage and yields. This week, the U.S. has become the world’s epicenter of the coronavirus pandemic. Today it was reported that the U.S. has the most COVID-19 cases in the world, topping 85,000 people confirmed. One of the main storylines dominating the corn continues to be ethanol profitability as crude oil & gasoline futures are well beneath ethanol futures, causing many corn plants to alter/slow production; with some even suspending operations on negative margins. Today, it was announced the EPA is considering delaying the March 31st deadline for oil refineries to comply with 2019 RFS, to help ease the fallout. On a positive note, corn export demand is improving; as seen in yesterday’s weekly export sales where corn notched a marketing year high. In addition, USDA announced flash sales of 114,048 tons of corn for delivery to unknown destinations during the 19/20 marketing year this morning. Corn feed demand is also expected to improve as DDG production slows. Next Tuesday will bring the updated U.S. stocks and acreage reports. The trade expects to see March 1st corn stocks near 8.125 bln. bu., well below the past three years while acres are expected at 94.3 mln. vs. 89.7 mln. acres last year. With spring planting season approaching, market partipants are monitoring the weather- though it’s taking a backseat to other storylines at the moment. The Midwest forecast currently calls for a rainy/wet weekend throughout most of the region, followed by a 2nd system expected to move through the middle of next week (favoring the southern areas). A 3rd system is then expected late next week for the western growing areas.

Beans- Soybeans started the day firmer but ended the session mixed on position squaring in front of the weekend and next week’s USDA reports. For the week, the nearby SK contract was up 19 cents while SX improved 16 cents. Traders continue to monitor global supply disruptions for soybeans and soymeal due to the coronavirus outbreak. Brazil’s Mato Grosso is dealing with Covid19 issues while Argentine port inspectors are requesting a 15-day work stoppage. Per the Rosario Grain Exchange, the supply of soybeans to Argentine crushing plants is estimated to be down by half and falling, The timing of these delays is proving challenging for China, as their soymeal inventories are reportedly at their lowest level in 10 years, This disruption in output could change global trade flows, turning importers to the U.S. to fill the gap. Thursday’s weekly bean export sales were solidly higher on the week, with China listed as a primary buyer. In addition, USDA announced a flash sale of 63,290 tons of beans sold to Mexico in 19/20 this morning. Harvest continues to progress in Brazil, though weather maps indicate they will see more rainfall this weekend & next week. Most crop areas in Argentina have also seen scattered showers and they are expected to continue through next week. Tuesday’s upcoming USDA reports are expected to still show ample stocks of U.S. beans as of March 1st, near 2.241 bln. bu. and an acreage projection of 84.7 mln. vs. 76.1 mln. last year (remember USDA put numbers together on acres before the market rearranged itself on ethanol demand.)



WEATHER


Weather
Stonington, Illinois (62567)

Current Conditions Cloudy
Temperature 68°F
Dew Point 61°F
Pressure 29.56 in. Hg
Humidity 78%
Wind 23 mph
From South


Forecast


The CME Group Intercontinental Exchange