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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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
- Cotton Rallies Triple Digits on Thursday
- Cotton futures posted strength on Thursday, as contracts closed with front month gains of 100 to 139 points. The outside markets were supportive on the day. Crude oil futures were up 29 cents/barrel, as the US dollar index $0.292 lower on the day. USDA Export Sales data totaled 84,405 RB...
- Wheat Turns Around to Close Mixed on Thursday
- Wheat futures were mixed across the three exchanges on Thursday, as the hard red contracts held up. Chicago SRW futures were down 3 to 4 cents in the front months at the close, pressured by a wet forecast. Kansas City HRW contracts rallied off early weakness into the close, up...
- Corn Pulls Off Lows, Still Closes in the Red
- Corn futures posted fractional to 1 ¼ cent losses on Thursday, as contracts pulled off the early weakness. The CmdtyView national average Cash Corn price was down by a penny on the day at $4.16. Export Sales data was tallied at 1.04 MMT for old crop in the week that...
- Hogs Pull Back Ahead of Bull Friendly Hogs & Pigs Report
- Lean hog futures were squaring up ahead of this afternoon’s Quarterly USDA report, with contracts down 35 to 70 cents. The USDA national average base hog negotiated price was down a dime at $88.09 in the Thursday PM report. The CME Lean Hog Index for March 25 was up 23...
- Cattle Rally into Thursday’s Close
- Live cattle futures put on a rally after starting out the day with losses, as contracts were up $2.40 to $2.80 higher. Cash trade has been slow this week, with light sales at $213 in the north reported. The Central Stockyards Fed Cattle Exchange online auction showed no sales on...
- Soybeans Rally on Thursday with Soy Oil Support
- Soybeans posted Thursday of 13 to 16 cents across most contracts. CmdtyView’s national front month Cash Bean price is up 18 cents at $9.60 1/2. Soymeal futures closed the Thursday session with contracts up 10 to 90 cents/ton, as Soy Oil futures were 110 to 163 points higher on the...
DAILY MARKET COMMENTARY
3/27/2025
Good afternoon. Though volume continues to be low, ag markets in Chicago at least showed some signs of life on Thursday as soybean oil was able to lift the soy complex to decent gains. Grain markets were unwilling to come along for the ride still, but it was encouraging to at least see some sort of activity in the space following days of feeling like it was on life support.
CK closed Thursday at 4.50, down a penny and a quarter. CN was down a penny at 4.58. Both closed below their respective 200-day moving averages. SK finished at 10.16 and 3/4, up 15 and 3/4. SN closed at 10.30 and 1/2, up 15 and 1/2 cents. WK was down 3 and 1/4 at 5.32. New contract low here at 5.26 and 1/2. Products were higher, May soybean meal closed at 294.50, up 90 cents/ton, and May soybean oil closed at 44.27, up 1.63. Cattle markets were higher on Thursday, April live cattle closed at 209.55, up $2.47, and April feeders closed at 287.55, up $1.67; April hogs were down 52 cents at 87.02. Outside day higher for both cattle markets. Outside markets are quiet/mixed, crude oil futures are up 20-30 cents/bbl, the Dow Jones index is down 40 points, and the US$ index is down 25-30 points. The S&P500 is unchanged and the NASDAQ is down 50 points; gold futures are up $45-50/oz. Inside day for crude oil, outside day lower for the $ index, and new contract highs for April gold at $3,071.30/oz.
Spreads ended the day mixed to higher; corn spreads were down a half cent to up a quarter of a cent, and soybean spreads were up a quarter cent to up 6 cents. CK/CN closed at -8, down a quarter of a cent, and SK/SN closed at -13 and 3/4, up 1/4 of a cent. New lows for the move in the CU/CZ at -8 and 1/4.
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