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
Feb 01, 2020    
Mar 01, 2020    
Sep 01, 2020    
Quotes retrieved on February 20, 2020, 05:57:58 AM CST
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 February 20, 2020, 05:57:58 AM CST

NEWS


Ag Market Commentary
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 ...



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


Weather
Stonington, Illinois (62567)

Current Conditions Cloudy
Temperature 21°F
Dew Point 10°F
Pressure 30.61 in. Hg
Humidity 62%
Wind 11 mph
From North


Forecast


The CME Group Intercontinental Exchange