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
Jun 01, 2020    
Jul 01, 2020    
Sep 01, 2020    
Quotes retrieved on June 02, 2020, 03:53:06 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 June 02, 2020, 03:53:06 AM CDT

NEWS


Ag Market Commentary
Beans Close Mixed Down from Midday
After trading with midday gains, front month bean futures end the first day of June fractionally lower to 1 3/4 cents higher. Soybean meal futures were 10 to 60 cents lower on Monday, and soy oil futures were up 22 to 25 points. April soy crush from ...
Ag Market Commentary
The first trading day of June left corn futures 2 1/2 to 3 1/4 cents lower. National average cash corn prices are up 5% from the April 20th low but still down 17% from the start of the calendar year. NASS says US corn planting is 93% complete and eme...
Corn Closed Lower on Monday
The first trading day of June left corn futures 2 1/2 to 3 1/4 cents lower. National average cash corn prices are up 5% from the April 20th low but still down 17% from the start of the calendar year. NASS says US corn planting is 93% complete and eme...
Cotton Closed Higher
The front month July cotton futures spiked 2.47 cents/lb higher to 60.06. The other front months closed 11 to 130 points higher on Monday. Old to new crop carry, from July to Dec, is inverted or backwardated at minus 135 points. USDA’s Cotton Syste...
Wheat Trades Lower on Monday
June trading starts off with a loss for front month wheat futures. KC was down the most, with 6 to 8 cent losses. SRW wheat futures traded 2 1/4 to 5 1/2 cents lower. MPLS wheat ended the first day of the month down 3 1/2 to 4 1/4 cents. Spring wheat...
Hogs Close with Triple Digit Losses
Lean hog futures ended the Monday session $1.62 to $2.25 lower. June hogs were down the most, at $54.60 ahead of next Friday’s (12th) expiration. The May 29 Fresh Bacon Index from CME was $107.58, down by $33.32 from last week. The CME Lean Hog ind...



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

 6/01:

Corn-  Corn futures closed the session slightly lower today. A lack of fresh demand news coupled with a mostly favorable weather forecast hung over the market. As of midday, funds were estimated to have sold approximately 3,000 contracts of corn. Weekly U.S. corn export inspections were solid this morning at 44.4 mln. bu. This total fell at the upper end of trade expectations. Weekly corn exports need to average approximately 41 mln. bu./week the balance of the marketing year to reach USDA’s annual export forecast. For reference, cumulative exports are down roughly 28% from a year ago. Weather maps indicate the Midwest will see very warm/hot conditions this week, but crop stress is expected to be minimal. Isolated, scattered thunderstorms are also a possibility for the central & northern Plains as well as the Midwest the latter half of the week. NASS will release updated planting progress numbers this afternoon. The average estimate for U.S. corn planting is at 94% complete. This would compare to 88% a week ago, 64% last year, and an 89% average. Corn rated in good or excellent condition is expected to rise a percent or two from last week’s estimate of 70%.

Beans- Soybean futures traded both sides of unchanged today and ultimately ended the session mixed. Market participants are monitoring the escalating trade tensions between the U.S. and China. On Friday, President Trump ordered his administration to begin the process of eliminating special treatment for Hong Kong. Then, overnight, news spread that China had decided to halt some U.S. farm imports. The concern is the recent escalation between the two countries could threaten the phase 1 trade deal. However, mid-session, reports were circulating through the market that China had purchased 3-5 cargoes of beans off the PNW for Oct/Nov shipment. This morning’s weekly U.S. soybean export inspections were disappointing, at just 14.6 mln. bu. Bean exports continue to lag the “needed” weekly total to reach USDA’s annual export projection. The Fats and Oils report will be released at 2pm CST and is expected to show April’s soy crush near 182.5 mln. bu. NASS will release updated planting progress numbers this afternoon at 3pm CST. Soybean planting is expected near 79% complete vs. 65% last week, 36% a year ago and a 69% average. The soybean crop is expected to be rated near 68% good/excellent.



WEATHER


Weather
Stonington, Illinois (62567)

Current Conditions Clear
Temperature 68°F
Dew Point 50°F
Pressure 30.03 in. Hg
Humidity 53%
Wind 11 mph
From Southwest


Forecast


The CME Group Intercontinental Exchange