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]
| Name | Cash Price | Basis |
|---|---|---|
| Feb 01, 2020 | ||
| Mar 01, 2020 | ||
| Sep 01, 2020 |
All grain prices are subject to change at any time.
Cash bids are based on 10-minute delayed futures prices, unless otherwise noted.
FUTURES
NEWS
- Wheat Closes with Losses
- The wheat market rallied back from near double digit midday losses, but still finished negative. Chicago futures closed 1 1/4 cent to 2 1/2 cents lower. HRW futures ended the Wednesday session with 6 to 6 1/4 cent losses. HRS futures closed with 2 1/...
- Corn Gives back Gains
- Wednesday trading in the corn futures market pushed prices back down, with contracts closing 2 to 2 1/2 cents lower in the front months. The national average corn basis from cmdtyView was 11.72 cents under for 02/19. That is the tightest national ave...
- Hogs Post Wednesday Gains
- Lean hog futures climbed triple digits on Wednesday trading, with April contracts the strongest. Front month futures closed $1.75 to $2.07 higher on Wednesday. The CME Lean Hog Index for 2/17 was down $0.31 to $55.66. USDA’s Livestock and Poultry r...
- Cotton Continues Double Digits Higher
- Cotton futures gained 61 to 80 points during the Wednesday session, with the larger gains in the deferred contracts. The dollar was firmer, with the DX above 99. Tuesday sales on The Seam online cotton trading platform were 10,129 bales, at an averag...
- Beans Rebound on Wednesday
- Soybeans finished the Wednesday session with gains in the front months. Deferred months were the weakest, while March soybeans were up a nickel. March soymeal futures closed $0.80/ton higher. March soybean oil settled 14 points lower after being down...
- Cattle Mixed to Mostly Higher
- Live cattle futures came back from midday losses and ended the session with 10 to 30 cent gains, as Feb was 12 cents lower. Feeder cattle continued the midday movement and rallied to a triple digit gain after Wednesday trading. The CME Feeder Cattle ...
- TFM Sunrise Update - February 20, 2020
- Crude Oil
- News Tsunami Doesn't Derail Markets
- Outlook Forum Numbers in Focus
- Elliott Wave View: NASDAQ (NQ_F) Continues Marching to All-Time High
- GBPAUD Trying to Resume Weekly Chart Ascending Wedge
- The Trend Trader For Futures Trading on Thursday, February 20, 2020
- Is Crude Oil Firmly on the Upswing Now?
- Warning - That's Not a Buying Opportunity in Gold
- Stock Pick Update: February 19 - February 25, 2020
ANNOUNCEMENTS
Legacy Grain Hours
M-F: 7AM - 4PM.
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
2/19:
Corn- Corn futures closed 2 cents lower but off session lows in what seemed a moderate volume session. Early weakness in wheat impacted corn, and as wheat firmed, corn was able to rebound. USDA Outlook Forum takes place tomorrow and Friday. Estimates are for 93.6 mln. acres of corn plantings and 20/21 ending stocks at 2.443 bln. bu. If so, that’s not bullish, but the market is looking for something fresh to trade, so we’ll see how much influence these numbers have on market direction. Weather in S. America is good overall, with maybe a bit too much rainfall in Brazil where the second corn crop is being planted. Currently, Brazil looks for very good corn production but a slow start to this planting followed by warm/dry weather may change this outlook and would be welcomed by U.S. exporters as it could improve export demand. Weekly export sales delayed until Friday.
Beans- Soybeans closed 5 cents higher in the lead month with deferred months 1-3 cents firmer. Early indications pointed to a weak board all session, but short covering and some buying interest on ideas China bought beans off the PNW and may open reserve buying to U.S. origin lent support. Also in the mix is some concern that wet weather in Brazil may slow bean harvest and allow China to come to the U.S. for some coverage to offset this slowdown. USDA Outlook Forum tomorrow and Friday expected to report U.S. bean acres at 84.6 mln. and ending stocks at 519 mln. The numbers give the trade something to discuss. Weekly export sales delayed until Friday.
WEATHER
Stonington, Illinois (62567)
Forecast
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Thursday
28°
10°
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Friday
37°
23°
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Saturday
48°
32°
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Sunday
46°
37°
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Monday
45°
32°
