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
Aug 01, 2025
Sep 01, 2025
Dec 01, 2025
Jan 01, 2026
Mar 01, 2026
Jul 01, 2026
Sep 01, 2026
Quotes are delayed, as of July 01, 2025, 10:15:38 PM 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 July 01, 2025, 10:15:38 PM CDT or prior.

NEWS


Ag Market Commentary
Wheat Bulls Take Some Gains Back on Tuesday
The wheat market snuck out some gains on the Tuesday session, with contract higher across the three markets at the close. Chicago SRW wheat was up 8 to 11 cents on the day. There were 193 contracts issued against CBT wheat overnight. KC HRW contracts pushed higher into the close,...
Hogs Close Mixed on Tuesday, As Cutout Slide Continues
Lean hog futures posted 55 cent to $1.10 weaker trade on Tuesday, with October up 17 cents. USDA’s national base hog price was down 33 cents in the Tuesday afternoon report, with negotiated trade at $111.55. The CME Lean Hog Index was back down 26 cents at $111.76 on June...
Cotton Stocks Near Unchanged on Tuesday
Cotton futures saw steadier trade on Tuesday, with the front month and thin contracts unchanged and December down 10 points. Crude oil was up $0.45/barrel, with the US dollar index $0.193 lower. Weekly Crop Progress data showed 95% of the US cotton crop planted (98% on average), with 40% squaring...
Corn Pulls Off Lows But Still Posts Losses
Corn futures climbed out of their overnight hole on Tuesday, though contracts still closed with fractional to 3 ½ cent losses. There were no deliveries against July futures overnight. The front month CmdtyView national average Cash Corn price was steady at $3.92 3/4. Grain Crushings data showed a total of...
Soybeans Come Back to Close with Slight Gains
Soybeans came back to close with fractional gains across most front months on Tuesday, despite early weakness. There were 503 deliveries issued overnight. The cmdtyView national average Cash Bean price was up 7 cents at $9.88 3/4. Soymeal futures were down $1.60 to $2.10 on the day, as Soy Oil...



DAILY MARKET COMMENTARY


 

07/01/2025     

   

 

An unexpected jump in corn condition ratings yesterday afternoon led to mixed trading in the ag space on Tuesday, with prices here lower and soybean and wheat markets finishing the day in the green. Though lower, the day for corn could've been worse; new contract lows were scored early this morning, but both Sep and Dec futures ended up closing around 5 cents off them by the end of the day, as $4 held for the time being.

 

🌽 Corn Market Update

 

📈 Prices:

  • September Corn (CU): $4.06, down 3 1/4 cents; new contract low at 4.00 1/4
  • December Corn (CZ): $4.22, down 3 1/2 cents; new contract low at 4.16 1/2
  • September/December Spread (CU/CZ): -16, up 1/4 cent

 

📋 Market Headlines:

  • Private US ag consultancy StoneX on Tuesday raised their estimate of Brazil's total corn production from 134 MMTs previously to now 136.1 MMTs; in a comment, the group said a reduced summer harvest this year was the result of smaller planted area, which helped to raise national average yields.

 

  • This afternoon's monthly grain crushings report for the month of May showed corn used for ethanol in the month at 449 mil bu, which was up 6% from April but down 1% from May of last year.

 

  • Total corn usage in the month was seen at 501 mil bu, which is up 6% from April but down 2% from May of last year.

 

Summary:

Sell pressure was seen early in the session this morning as better than expected condition ratings and ongoing good weather forecasts pushed both the September and December contracts to new lows early on, before bargain buying emerged near the $4 level to bring things back towards the middle of their ranges by the end of the day. Reality is sinking in that we are running out of time for a weather issue to develop before pollination, which also added to the morning pressure.

 

 

🌱 Soybean Market Update

 

📈 Prices:

  • August Soybeans (SQ): $10.29 3/4, unchanged
  • November Soybeans (SX): $10.27 1/4, up 1/4 cent
  • August Soybean Meal (MQ): $273.70, down $2.10/ton; new contract low at 272.60
  • August Soybean Oil (LQ): 53.66, up 1.01 cents/lb
  • August/November Spread (SQ/SX): 2 1/2, down 1/4 cent; new contract low at 0

 

📋 Market Headlines:

  • Bean oil futures traded to new highs for the week on news that the US Senate had voted to approve President Trump's tax bill; the Senate version of the bill in its text regarding 45Z eliminates foreign feedstocks from collecting tax credits, which is a positive for domestic soybean oil demand.

 

  • Monthly biofuel feedstock usage, released yesterday by the EIA, showed soybean oil used for both biodiesel and renewable diesel in the month of April at 829 mil lbs, which compares to 832 mil last month and 1.07 bil lbs in April of 2024. Canola oil usage fell to 135 mil lbs from 234 mil in March, and UCO usage fell from 487 mil lbs in March to 445 mil lbs.

 

  • USDA pegged May US soybean crush at 204 million bu in this afternoon's update, which compares to 202 mil bu in April and 192 mil bu in May of last year.

 

  • Report also showed US soybean oil stocks as of May 31 at 1.876 bil lbs, which was down just over 5% from April and down more than 14% from May of last year.

 

Summary:

Headlines regarding the Senate's approval of President Trump's tax bill were the main story in the soy complex on Tuesday, as the news lifted bean oil futures to gains of nearly 2% throughout today's session. Previous versions of the bill would've allowed fuels made from feedstocks sourced outside of North America eligible for up to 80% of the credit, while the new version that was approved says these feedstocks would not be eligible for any of the credit, which was a win for US producers.

 

 

🌾 Wheat Market Update

 

📈 Prices:

  • September Chicago Wheat (WU): $5.49, up 10 3/4 cents
  • December Chicago Wheat (WZ): $5.69 1/4, up 9 1/4 cents
  • September/December Spread (WU/WZ): -20 1/4, up 1 1/2 cents

 

📋 Market Headlines:

  • Headlines in the wheat market were limited on Tuesday, with harvest progress continuing to steal most of the attention during the day. Yesterday's report showed a 52% increase in harvest progress in IL last week, while OK and MO both advanced 36% and KS advanced 33%.

 

Summary:

Quiet news day in the wheat market on Tuesday, as there wasn't a lot of new news surrounding the harvest in either the US or Europe. Export data from Ukraine for the 2024/25 marketing year showed wheat exports were down roughly 15% from last year, but this was near the USDA's forecast.

 

 

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WEATHER


Weather
Forecast

The CME Group