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
May 01, 2025
Jul 01, 2025
Aug 01, 2025
Sep 01, 2025
Jan 01, 2026
Quotes are delayed, as of June 27, 2025, 02:42:40 AM CDT or prior.
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 are delayed, as of June 27, 2025, 02:42:40 AM CDT or prior.

NEWS


Ag Market Commentary
Cotton Close with Gains Despite Export Sales Data
Cotton futures ended the Thursday session with contracts continuing to push higher, up 27 to 63 points despite weaker Export Sales data. Crude oil was up $0.33/barrel, with the US dollar index down $0.333. Weekly Export Sales data showed just 27,342 RB of 2024/25 cotton sold in the week ending...
Cattle Bulls Keep Their Head Above Water on Thursday
Live cattle futures posted steady to 25 cent higher trade on Thursday, even as cash weakness started to creep in. Cash trade saw some light action this afternoon at $230 in the North and $223-225 in the South. No sales were reported in the Thursday Fed Cattle Exchange online auction...
Corn Holds Losses into Thursday’s Close
Corn futures closed out the Thursday session with contracts fractionally to 2 cents lower. The front month CmdtyView national average Cash Corn price was down 1 1/4 cents at $3.86 1/4. Export Sales data was released this morning, with USDA showing 741,226 MT of old crop corn sold in the...
Soybeans Feel Meal Pressure, with Thursday Weakness
Soybeans posted Thursday losses of 1 to 3 cents at the close, as multi-year lows in Meal are adding to the pressure. The cmdtyView national average Cash Bean price was up 1/4 cents at $9.79 1/2. Soymeal futures were another $4.70 to $5.40/ton lower, hitting the lowest prices on the...
Futures Slip Lower on Thursday, as Hogs & Pigs Report Shows More Hogs
Lean hog futures posted 50 to 97 cent losses on Thursday. USDA’s national base hog price was reported at $108.00 on Thursday afternoon, down $2.51 from the previous day. The CME Lean Hog Index was up 97 cents at $111.41 on June 24. The quarterly Hogs & Pigs report from...
Wheat Losses Extend to Thursday’s Close
Wheat posted weakness across the three markets on Thursday, as the reversion lower is extending. Chicago SRW wheat was 7 to 8 cents lower at the close. KC HRW contracts were 5 to 6 cents in the red. MPLS spring wheat was down 2 to 5 cents. USDA’s Export Sales...



DAILY MARKET COMMENTARY


 

06/26/2025     

  

 

More of the same for a fourth straight day at the CBOT on Thursday, though today's selling was not to the same extent as the previous few days. Old crop corn futures actually traded in the green on and off throughout the morning after making new contract lows again, while soybean oil had its first up day of the week on short covering and higher trade in the crude oil market.

 

🌽 Corn Market Update

 

📈 Prices:

  • July Corn (CN): $4.09 1/2, down 3/4 cents; new contract low at 4.08
  • December Corn (CZ): $4.21, down 1 1/2 cents; new contract low at 4.19 1/4
  • July/September Spread (CN/CU): 5 1/2, up 1/4 cent

 

📋 Market Headlines:

  • This morning's weekly export sales report for the week ending June 19th showed old crop corn sales in the week at 741k MTs, with featured buyers being Colombia (191k MTs), Japan (178,900 MTs), and Mexico (105,300 MTs); unknown destinations were buyers of 100,400 MTs.

 

  • In the new crop, sales for the week totaled 306k MTs, with Mexico taking 138,500 MTs and unknown destinations taking 124k MTs.

 

  • For Monday's report's traders are looking for quarterly corn stocks to come in at 4.641 bil bu, which would compare to 4.997 bil at the same time last year. On the acreage side, planted acres are seen at 95.35 mil, which if accurate would be up just marginally from March's estimate of 95.3 mil.

 

  • Weekly drought monitor data this morning showed 16% of the US corn area experiencing D1-D4 drought conditions, which is down 1% from last week. IL sees just 10% of its area ranked in this category, while IA is at 55% and IN is at 23%.

 

Summary:

Old crop corn futures at least showed signs of life throughout the day on Thursday before eventually rolling over and closing lower for a fourth straight day this week. We regret beating the dead horse, but it remains the case that as long as Midwest forecasts continue to stay conducive to crop development through pollination in July, it will simply be difficult for the corn market to sustain a rally that amounts to anything other than a brief bout of short covering. Notable for Monday is that corn acres have fallen outside the range of trade guesses four of the last six years, which could be the spark the bull camp needs to buck the current downward momentum.

 

 

🌱 Soybean Market Update

 

📈 Prices:

  • July Soybeans (SN): $10.22 3/4, down 2 1/2 cents
  • November Soybeans (SX): $10.16 1/2, down 2 cents
  • July Soybean Meal (MN): $270.90, down $5.10/ton; new contract low at 270.60
  • July Soybean Oil (LN): 52.52, up 0.70 cents/lb
  • July/August Spread (SN/SQ): -5, down 3/4 cent

 

📋 Market Headlines:

  • Private exporters this morning reported daily export sales flashes of 110,000 MTs of soybeans for delivery to Egypt during the 2024/25 marketing year. Of note, this is the first flash soybean sale since May 12th.

 

  • On the weekly side, old crop sales were seen at 403k MTs in the week, with featured buyers being the Netherlands (63,400 MTs), Mexico (60,600 MTs), and Egypt (60,000 MTs); unknown destinations assigned out/rolled/canceled 38,600 MTs in the week. New crop sales were better than expected at 156k MTs, with Mexico taking 57,200 MT's and unknown destinations taking 55k MTs.

 

  • Meal futures made new contract lows for a fifth consecutive session today, as overnight news regarding Chinese purchases of Argentine meal for the first time since 2019 further added to the bearish supply cloud that has been overhanging the market all week.

 

  • For Monday's reports, traders see quarterly soybean stocks at 980 mil bu, which compares to 970 mil bu the same time last year. On acres, traders see planted acreage at 83.7 mil acres, which like corn would be up just marginally from the March estimate of 83.5 mil acres.

 

  • Weekly drought monitor data showed just 12% from of the US soybean area in D1-D4 drought, which is also down 1% from last week.

 

Summary:

Higher trade in the bean oil market was unable to lift soybean values throughout the day today, as spillover selling from the meal market instead stole the show. The first daily sales flash in over a month indicates non-China business is beginning to increase, with US beans competitive with Brazil through late summer due to good China business there in recent weeks that has caused values to rise. Like we mentioned in our mid-day comments, the good business from China to Brazil has limited interest in new crop US supplies, with China still having zero US purchases on the books for 2025/26.

 

 

🌾 Wheat Market Update

 

📈 Prices:

  • July Chicago Wheat (WN): $5.21, down 7 1/4 cents
  • December Chicago Wheat (WZ): $5.59 3/4, down 7 3/4 cents
  • July/September Spread WN/WU: -15 3/4, up 1/2 cent

 

📋 Market Headlines:

  • Weekly exports this morning for wheat showed sales in the week of 255k MTs, which was below trade expectations; featured buyers in the week were Japan (93,600 MT's) and Mexico (83,200 MTs).

 

  • For Monday's reports, traders see quarterly wheat stocks at 836 mil bu, which compares to 1.237 bil bu last year. Planted acreage is seen at 45.4 mil, which matches the March estimate.

 

  • Drought monitor data for the week shows 20% of the US winter wheat area in D1-D4 drought, up from 14% last week, while 25% of the spring wheat area is in the same condition, up from 22% from last week.

 

Summary:

Not a lot of new news in the wheat market on Thursday, aside from minor Russian crop adjustments that we mentioned this morning. Harvest is gaining steam across the southern Midwest, with sources in both the southwest and the southeast indicating good yields and little to no quality issues.

 

 

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