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
Aug 01, 2020    
Sep 01, 2020    
Jan 01, 2021    
Quotes retrieved on August 10, 2020, 08:24:57 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 August 10, 2020, 08:24:57 PM CDT

NEWS


Ag Market Commentary
Wheat Markets Lower at Close
Wheat was down again today. SRW wheat was down the most, with September off 4 ½ cents. Sept SRW wheat has traded lower for the last 5/6 days and a total loss of 36 cents. KC futures closed Monday’s session with 1 1/4 to 1 1/2 cent losses. MGE whea...
Cattle Close Monday Higher
Monday was first notice day for August fats, and prices were 80 cents higher to $103.60. That’s still a $0.60 to $4.60 premium over cash. The other front months were up 67 to 90 cents. Feeder cattle futures gained 15 to 85 cents on the day, with Au...
Hogs Start Week with Triple Digit Gain
Lean hog futures gained triple digits in the 2020 contracts. Deferred contracts through April were 42 to 77 cents higher, with May ’21 closing UNCH at $70.90. The week’s Fresh Bacon index from CME was $5.78 higher to $134.40 cwt. The CME Lean Hog...
Corn Closed Higher after Monday
Corn futures gained 1 1/2 to 2 3/4 cents to start the new week. Weekly export shipments were the largest since June 18. A derecho with 100+ mph winds also swept through part of IA, flattening crops. As of August 9, NASS says that 11% of new crop cor...
Cotton Gains on Monday
Cotton futures recovered 34 to 46 points of the Friday drop on Monday. Dec futures closed the day with a 0.71% gain to 62.8 cents/lb. NASS reported that 9% of this year’s crop was opening bolls as of August 9. The 5-yr average is 11%. Also from the...
Soy Market Mostly Higher
The soy complex was higher in beans and meal, but oil closed lower. Front month soybean futures closed the session with gains of as much as 6 1/4 cents led by in delivery August. The other front months were 4 3/4 to 5 3/4 cents higher. Meal futures w...



ANNOUNCEMENTS

Legacy Grain Hours 

M-F: 7AM - 4PM.

 

2020 CROP TOUR RESULTS

2020 A. Row A. Length Ave Pop Kernal A. Yield  
Stonington 17.13131 34.90 33.24 90.00 220.32  
Blue Mound 17.16667 32.21 32.50 90.00 198.52  
Sharpsburg 15.38462 37.13 35.00 90.00 222.79  
Moweaqua 17.12821 30.19 31.63 90.00 181.79  
             
  16.85 33.46 32.93 90.00 206.02   

 

 

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. 

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

 8/10:

Corn-  Corn futures ended the day higher on bargain buying, although gains were limited as the potential for a large U.S. corn crop continues to loom over the market. The forecast remains mostly non-threatening for the majority of the Midwest. Both NOAA’s 6 to 10 and 8 to 14 day outlook maps suggest normal to below normal temps, with above normal precipitation expected for the southern 3rd of the Corn Belt with normal precipitation expected for the balance of the Belt. Locally there is the chance for some strong storms this afternoon across central Illinois. Recent reports indicate wind damage is likely in parts of eastern IA and northern IL this afternoon, as several reports of winds gusts in excess of 70 mph have been reported from central IA. Traders will be closely monitoring this afternoon’s crop progress/condition ratings. Last week, NASS estimated the U.S. corn rating at 72% good to excellent. Market participants are expecting conditions to hold steady or decline slightly this afternoon. This morning’s weekly corn export inspections were a solid 45.3 mln. bu. This was a sharp increase from the previous week and the 2nd highest total in the last 6 weeks.

Beans-  Soybeans ended the day higher. Bean futures found support from new flash sales announcements this morning. USDA reported nearly 600,000 tons of soybeans were sold to China for delivery in the 20/21 marketing year, with another 111,000 tons being sold to unknown destinations for the same time period. Weekly U.S. soybean export inspections were just over 23 mln. bu. this morning, marking their highest total since late February. Despite the uptick, bean exports continue to run below the weekly total “needed” to meet USDA’s annual export projection. Of the aforementioned total, only 2 cargoes were destined for China, leaving just under 3 MMT of beans left to ship to this marketing year to clean up their current old crop purchases. Traders continue to monitor relations between the U.S. & China. Trade talks are set to take place this coming Saturday with the main topic being the Phase 1 agreement and what progress has been made, as volumes continue to fall short of expectations. Market participants will also be closely monitoring this afternoon’s crop progress & condition ratings. Last week, NASS estimated the U.S. soybean rating at 73% good to excellent. The trade is expecting to see conditions hold steady or decline slightly this afternoon.



WEATHER


Weather
Stonington, Illinois (62567)

Current Conditions Scattered Clouds
Temperature 69°F
Dew Point 68°F
Pressure 29.98 in. Hg
Humidity 96%
Wind 7 mph
From Southwest


Forecast


The CME Group Intercontinental Exchange