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
Sep 01, 2020    
Sep 21, 2020    
Jan 01, 2021    
Sep 01, 2021    
Quotes retrieved on September 23, 2020, 08:33:50 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 September 23, 2020, 08:33:50 AM CDT

NEWS


Ag Market Commentary
Wheat Market Mixed
Wheat followed yesterday’s gains with a more mixed performance overnight. They are mostly 1 to 3 cents lower, but a few individual contract months are fractionally higher. Domestic futures faded midday gains, but still closed the Turnaround Tuesday...
Corn Futures 2 to 3 Cents Lower
Corn is trading 2 to 3 cents per bushel lower this morning. On Tuesday, afternoon trading faded early session gains and futures closed fractionally lower. Dec futures traded with a 7 1/2 cent range. January corn futures on the Dalian Grains Exchange...
Lean Hogs See Lowest August Pork Inventory Since 2011
Lean hog futures trading ended Tuesday with $0.97 to $2.72 gains. Preliminary open interest showed net new buying of 2,496 contracts. The CME Lean Hog Index for 9/18 was $71.29, up another $1.71. USDA’s National Average Base Hog price from this aft...
Soybeans Start the Day 3 to 4 Cents Lower
Soybeans are 3 to 4 cents per bushel lower to start the midweek session. Yesterday, futures closed 1 3/4 to 3 3/4 cents lower. Preliminary open interest data showed long liquidation in the November contract, but net buying overall as the OI rose 1,39...
Cotton Market 45 to 55 Points Lower This AM
Overnight cotton trading has futures 45 to 55 points lower in this Wednesday session. Front month cotton futures closed the day 10 to 30 points in the black. Chinese cotton futures were 12,570 yuan (~$0.8333/lb) on Sept 21. Carry on the ZXE was appro...
Ag Market Commentary
Corn is trading 2 to 3 cents per bushel lower this morning. On Tuesday, afternoon trading faded early session gains and futures closed fractionally lower. Dec futures traded with a 7 1/2 cent range. January corn futures on the Dalian Grains Exchange...



ANNOUNCEMENTS

Legacy Grain HARVEST Hours 

(may differ per locaiton)

9/22: ALL LOCATIONS - CLOSE 7PM.

 

 

COVID-19 Updates: We highly recommend wearing masks whenever you visit a Legacy Grain office or you are within 6 feet of a outside worker. Our employees will be wearing them in the office when in a common area and away from our individual desks/offices. Outside workers will also be wearing masks when they are within 6 feet of another worker. If you have a sore throat, cough, fever, chills, runny nose, etc we ask that you call on the phone and do not come inside. We are doing a little bit extra so we can hopefully all get through harvest healthy and safe. 

  

 2021 Fall NGMO Soybean Premium will be $1.40. (This is the same premium as the current 2020 program)

 

Click here to view the INSIGHT Program Performance!

2021 Tax Information Regarding 1099's
Legacy Grain Fiscal Year Ended
April 30, 2020



DAILY MARKET COMMENTARY

 9/22:

Corn-  Corn closed slightly weaker today after trading on both sides of unchanged during the session. December corn was unable to trade above Monday’s high today, and ultimately faded into the close. The weekly crop progress report showed corn rated 61% good to excellent, up 1% from a week ago. The trade was expecting a steady rating, so this was deemed a little negative. Corn was estimated at 8% harvested versus the average of 10%. The Delta harvest is slowing again as TS Beta moves through this week. The rest of the corn belt is just getting started with an open window of weather seen this week. Rain chances do occur over the weekend, with some cooler air predicted in the extended forecast. Wheat futures were higher as world cash prices firm. Paris wheat futures hit a new five-month high today. Egypt bought 405,000 tons of Russian wheat for late November shipment. Wheat futures are watching dry weather in Argentina and the Black Sea region, which has been slightly supportive to futures. The USDA announced 140,000 tons of corn sold to China for 20/21, and 320,000 tons of corn sold to unknown in 20/21. The dollar was higher again today, with crude and equities recovering from yesterday’s weakness as well.

Beans- Soybeans finished weaker again today, but not before a 24-cent range in the November contract. Beans were initially weaker on lower overseas markets and steady ratings but bounced after another couple of sales flashes were seen this morning. Chinese ag futures were mostly lower last night, and Malaysian palm oil closed lower this morning as well. Both kept Chicago beans and bean oil weaker to start. Crop ratings for beans were held steady at 63% good to excellent. Bean harvest progress was estimated at 6% done, which is right on the average. Bean harvest is picking up this week across the Midwest with mostly dry conditions slated for the rest of this week. The USDA announced the sale of 266,000 tons of beans to China for 20/21 and a sale of 264,000 tons of beans to unknown destinations for 20/21. The weekly EIA report is out tomorrow, which will include the ethanol numbers.



WEATHER


Weather
Stonington, Illinois (62567)

Current Conditions Sunny
Temperature 53°F
Dew Point 53°F
Pressure 30.12 in. Hg
Humidity 100%
Wind 0 mph
From


Forecast


The CME Group Intercontinental Exchange