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
Dec 01, 2025
Jan 01, 2026
Quotes are delayed, as of June 30, 2025, 06:53:11 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 June 30, 2025, 06:53:11 PM CDT or prior.

NEWS


Ag Market Commentary
Cattle Pop Higher on Monday, USDA Announces Border Reopening
Live cattle futures posted gains of 35 cents to $1.12 on Monday session. Cash action was mostly compiling showlists on Monday. Trade last week saw sales at $230-233 in the North and $223-225 in the South. Feeder cattle futures closed out the Monday session with contracts $2.70 to $2.80 in...
Wheat Falls to Weakness on Larger June 1 Stocks
Wheat saw weakness to kick off the week as all three contracts were lower following larger than expected stocks. Chicago SRW wheat was down 2 to 4 cents to close out the day. KC HRW contracts were 7 to 10 cents lower on Monday. MPLS spring wheat posted 5 to...
Cotton Collapses on Monday with Larger Acreage
Cotton posted triple digit losses on Monday, with contracts down 112 to 124 points on larger than expected acreage number reported. Crude oil was down $0.55/barrel, with the US dollar index $0.590 lower. Weekly Crop Progress data showed 95% of the US cotton crop planted (98% on average), with 40%...
Corn Pulls Back on Monday, as Acres are Trimmed but Ratings Improve
Corn futures closed out the Monday session with losses of 1 to 3 cents across most contracts, as an acreage cut failed to provide the bulls with much fuel. The front month CmdtyView national average Cash Corn price was down 2 3/4 cents at $3.91 1/4. Crop Progress data indicated...
Soybeans Post Marginally Mixed Trade on USDA Report Day
Soybeans closed the Monday session mixed with nearby contracts down 3 ¾ cents and new crop up 2 to 3 cents. The cmdtyView national average Cash Bean price is down 3 3/4 cents at $9.81 1/2. Soymeal futures were up 20 cents to $1.30 higher on the day, as Soy...
Hogs Pull Back On Monday, Pressured by Cutout
Lean hog futures were down $2.22 to $3.15 on Monday. USDA’s national base hog price was up $3.79 in the Monday afternoon report, with negotiated trade at $111.88. The CME Lean Hog Index was 13 cents higher at $112.02 on June 26. USDA’s Monday afternoon FOB plant pork cutout value...



DAILY MARKET COMMENTARY


 

06/30/2025     

  

 

 

Ag markets at the CBOT closed quietly mixed on Monday, as the USDA's quarterly stocks and June acreage reports were largely as expected and failed to offer traders any real surprises to chew on. As a result, the market returned to trading quietly choppy for the remainder of the session, with weather forecasts and trade deals offering little in the way of bullishness over the short term.

 

🌽 Corn Market Update

 

📈 Prices:

  • July Corn (CN): $4.20 1/2, up 3 cents
  • December Corn (CZ): $4.25 1/2, down 1 1/2 cents
  • July/September Spread (CN/CU): 11 1/4, up 5 1/4 cents
  • For the month of June: CN was down 23 1/2 cents; CZ was down 13 cents

 

📋 Market Headlines:

  • Export inspection data this morning for the week ending June 26th showed corn inspections in the week totaled 1.370 MMTs, which was down 9% from last week. Cumulative sales stand at 54.944 MMTs, which is up 29% from last year.

 

  • The USDA's Quarterly Grain Stocks report showed US corn stocks as of June 1 at 4.644 billion bu, which was nearly identical to what the trade had expected and was down 7% from June of last year.
  • On farm stocks at 2.556 bil bu are down 16% from last year, while off farm stocks at 2.088 bil bu are up 6% from last year.

 

  • The June acreage report pegged corn planted area in the US this year at 95.203 million acres, which was just marginally smaller than the trade was looking for and compares to the March figure of 95.326 million acres; if accurate, this would be the third highest US corn acreage number ever.
  • At the state level, IL was down 100k acres from March, while both IA and IN were unchanged; MI, MO and SD were all up 100k acres from March.

 

  • Crop progress data this afternoon is expected to show corn conditions in the G/EX category holding steady on the week at 70%; the range of guesses though is 68% to 71%, which means odds say conditions are more likely to decline than improve if they do in fact change.

 

Summary:

Quiet start to the week in the corn market on Monday, as the USDA failed to entice interest from either the bulls or the bears in what are usually two of their more exciting reports of the crop year. The bull camp possibly comes away from today encouraged by the fact that quarterly stocks didn't balloon as much as was feared, but at the same time, confirmation of the huge corn acre number that had been talked about for weeks has now been seen, meaning the crop is going to be a big one barring any sort of weather trouble in the next 3-6 weeks. We've said it a lot recently, but it's now all about weather, with crop size and longer term price direction in the hands of Mother Nature.

 

 

🌱 Soybean Market Update

 

📈 Prices:

  • July Soybeans (SN): $10.24 1/4, down 3 1/2 cents; outside day lower
  • November Soybeans (SX): $10.27 , up 2 1/4 cents
  • August Soybean Meal (MQ): $275.80, up 20 cents/ton; new contract low at 273.80
  • August Soybean Oil (LQ): 52.65, up 0.17 cents/lb
  • July/August Spread (SN/SQ): -5 1/2, unchanged; new contract low at -6 1/2
  • For the month June: SN was down 17 1/2 cents; SX was up 1/4 cent; MN was down $25/ton; and LN was up 5.62 cents/lb

 

📋 Market Headlines:

  • Private exporters this morning reported daily export sales flashes of 204,000 MTs of soybean cake and meal for delivery to unknown destinations during the 2025/26 marketing year.

 

  • Weekly export inspections this morning showed soybean sales in the week ending June 26th at 225k MTs, which was up 11% from last week; cumulative inspections in the marketing year have now reached 45.582 MMTs, which is up 10% from last year.

 

  • Quarterly soybean stocks as of June 1 were pegged at 1.008 billion bu by the USDA this morning, which was slightly higher than the trade was looking for and also up 4% from June 1 last year.
  • Of this total, 596k bu is seen off-farm compared to 504k bu last year, while 412k bu was seen on-farm compared to 466k bu last year.

 

  • Planted area in the 2025/26 season is seen at 83.38 mil acres, which was slightly below the average trade guess and also slightly below the March estimate of 83.50 mil acres. Notably, this is the 11th straight June report that soybean acres have come in below the average trade guess.
  • At the state level, IN and OH were down 200k acres, MI was down 150k acres, and IA was down 100k acres. ND saw a notable 400k acre shift higher, while SD was up 100k acres.

 

  • This afternoon's crop progress report is expected to show soybean conditions in the G/EX category at 67%, which would be up 1% from last week; the range of guesses is from 65% to 69%.

 

Summary:

Not a lot of excitement today to start the week in the soy complex either, as similar to corn, there simply wasn't anything notable in either the stocks or acreage reports for either side of aisle to grab hold of. There has also continued to not be a lot of further chatter surrounding the trade deal with China announced last week, with it seeming like the agreement was just another rehashing of the framework deal the two sides agreed to ago weeks ago now in Switzerland. If exports to China aren't going to occur, the US soy industry is going to desperately need biofuel policy if it wants to avoid prices bleeding lower into the new crop harvest.

 

 

🌾 Wheat Market Update

 

📈 Prices:

  • July Chicago Wheat (WN): $5.28 3/4, up 4 cents
  • December Chicago Wheat (WZ): $5.60, down 3 cents
  • July/September Spread WN/WU: -9 1/2, up 6 1/2 cents
  • For the month of June: WN was down 5 1/4 cents; WZ was down 11 cents

 

📋 Market Headlines:

  • This morning's weekly export inspection report showed wheat inspections in the week ending June 26th at 435k MTs, which was up ,ore than 70% from last week; cumulative inspections in the marketing year started June 1 have now reached 1.280 MMTs, which is down 8% from last year.

 

  • US wheat stocks in the quarterly report were seen at 851 million bu, which was slightly above pre-report guesses and also up more than 2% from last year.
  • Of this total, 667k bu were being held in off-farm storage compared to 558k last year, while on-farm storage was seen at 184k bu compared to 139k bu last year.

 

  • All wheat planted area was seen at 45.48 million acres, up from 45.35 mil seen in March, while winter wheat acres were seen at 33.33 mil and spring wheat acres were seen at 10.05 mil; both of these were also up slightly from the estimates seen in March.

 

  • Winter wheat harvest is expected to increase 13% on the week in this afternoon's crop progress report to 32% complete, while G/EX conditions are seen holding steady at 49%; spring wheat conditions in the same category are also seen holding unchanged on the week at 54%.

 

Summary:

Wheat data in today's reports was equally uneventful to the other crops, as both stocks and acreage data leaned bearish on the margin but wasn't overly different from what the trade had expected. And aside from this, seasonal price trends and harvest pressure likely both keep rallies in the wheat market limited in the short term.


 

 

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WEATHER


Weather
Forecast

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