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 18, 2025, 05:37:30 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 18, 2025, 05:37:30 PM CDT or prior.

NEWS


Ag Market Commentary
Cotton Bulls Make Strides on the week Despite Friday Pull Back
Cotton futures rounded out the week with losses of 10 to 13 points on Friday. December was still up 126 points on the week. Crude oil futures were back down 21 cents per barrel, with the US dollar index down $0.236 to $98.210. Weekly CFTC data showed a total of...
Soybeans Continue Higher Helped by Meal Gains
Soybeans posted Friday gains of 6 to 9 cents in the nearbys, as August was up 23 ½ cents over the course of the week. The cmdtyView national average new crop Cash Bean price was up 7 ¾ cents today at $9.90. Soymeal futures were $5.30 higher, as August was...
Wheat Closes the Week with Gains
The wheat market was in rally mode on Friday, with spring wheat joining in with slightly higher movement. CBT prices were 12 to 13 cents higher across most nearbys, with September up 1 1/4 cents. KC contracts were 11 to 12 cents in the green, as Sep was up 4...
Hogs Close Higher on Friday
Lean hog futures posted gains on Friday of as little as a tick to 65 cents. August was up $1.80 since last Friday. USDA’s national base hog price had a weighted average of $105.55 on Friday afternoon, down $5.15 from Thursday. The CME Lean Hog Index was up 43 cents...
Cattle Fade Lower into the Weekend
Live cattle were lower on Friday as contracts pulled off midday lows to close with 12 to 70 cent losses. August was still up $1.35 this week. Cash trade was light this week, with trade picked up in KS at $230-231 and $240-242 northern action. Feeder cattle posted losses of...
Corn Rallies into the Weekend
Corn future closed the Friday session with contracts up 6 to 7 cents across most front months. Short covering was likely a culprit heading into a weekend, as September was up 12 ½ cents on the week. The CmdtyView national average Cash Corn price was $3.95, up 6 ½ cents....



DAILY MARKET COMMENTARY


 

CLOSING COMMENTS:

07/18/2025

 

 

Happy Friday. Ag markets saw mostly higher closes to end the week at the CBOT on Friday, led to the upside by wheat futures which were up around 2.5%. Bean oil was the lone member of the space in the red to end the day, with a follow through of yesterday's pop failing to make it much past mid-morning. As we head into next week, trader focus will likely remain primarily on US production estimates and weather forecasts, with the August crop report and private yield tours seemingly being the next fundamental market flashpoints in the near to intermediate term. Price action this week was indicative of a possible short-term bottom, but other than that, we have little evidence that the broader downtrend is in any real danger of ending.

 

Have a great weekend!

 

Corn Market Update

 

📈 Prices:

  • September Corn (CU): $4.08 1/2, up 6 1/2 cents
  • December Corn (CZ): $4.27 3/4, up 6 3/4 cents
  • September/December Spread (CU/CZ): -19 1/4, down 1/4 cent; new contract low at -20
  • For the week: CU was up 12 1/2 cents; CZ was up 15 1/2 cents

 

📋 Market Headlines:

  • Chinese customs data for the month of June showed corn imports in the month at just 160,000 tons, which is down more than 80% from last year. Cumulative imports through the first half of 2025 now stand at 790,000 tons, down 92.8% from the first half of 2024.

 

  • Yesterday's weekly drought monitor update showed just 9% of the US corn area in D1-D4 drought conditions, which is down 3% from the week prior and a new low for the growing season.

 

Summary:

The corn market ended the week in the green on Friday, with short-covering presumably the dominate theme throughout the day as news remained rather quiet. We've talked about it all week, but its just all about US crop sizes at this point and weather forecasts that are contributing. It seems there's some kind of value just below the $4 mark, which the looks to be the short-term support level going into next week. On the upside, initial objectives will be the gaps left last week, with the July highs the next target above here.

 

 

Soybean Market Update

 

📈 Prices:

  • August Soybeans (SQ): $10.27 3/4, up 6 1/4 cents
  • November Soybeans (SX): $10.35 3/4, up 9 1/4 cents
  • August Soybean Meal (MQ): $274.0, up $5.30/ton
  • August Soybean Oil (LQ): 55.82, down 0.40 cents/lb; new contract high at 57.17
  • August/November Spread (SQ/SX): -8, down 3 cents
  • For the week: SQ was up 23 1/2 cents; SX was up 18 1/2 cents; MQ was up $3.70/ton; LQ was up 2.07 cents/lb

 

📋 Market Headlines:

  • Drought monitor data from Thursday showed just 7% of the US soybean crop area in D1-D4 drought conditions, which is the lowest figure of the growing season and down 2% from last week.

 

  • According to a private securities group, the potential implementation of B50 biofuel blends in Indonesia could possibly offset most, if not all, of the negative demand impacts from new US tariffs, which are set to go into effect on August 1. The country rolled out B40 requirements earlier this year, and appears to be on pace to meet its production target.

 

Summary:

Like corn, news in the soybean market to end the week was rather quiet, with their not being a lot in terms of headlines that had much of an impact on prices. Soybean oil started the morning at new highs for the week, but was unable to sustain the buying as the two-day sprint finally ran out of gas. It will be interesting to see which side of even the fund position comes down on this afternoon, as managed money continues to not have a lot of interest in building any sort of sizeable position in either direction.

 

 

Wheat Market Update

 

📈 Prices:

  • September Chicago Wheat (WU): $5.46 1/4, up 12 3/4 cents
  • December Chicago Wheat (WZ): $5.67, up 12 3/4 cents
  • September/December Spread (WU/WZ): -20 3/4, unchanged
  • For the week: WU was up 1 1/4 cents; WZ was up 1 1/2 cents

 

📋 Market Headlines:

  • Wheat imports in the Chinese customs data were seen at 350,000 tons for the month of June, which is down 71% from last year. Cumulative imports for the first half of the year stand at 19.6 MMTs, down nearly 80% from last year.

 

  • A German ag cooperatives group said in a report that the country's wheat crop would likely total around 21.6 MMTs this year, which was little changed from their previous estimate. The group mentioned that extreme heat over the past four weeks had caused damage, but that the worst was likely avoided.

 

  • The weekly drought monitor update showed 36% of the US spring wheat area in D1-D4 drought conditions, up 1% from last week and up 17% from the low-water mark seen the first week of June.

 

Summary:

The wheat market was the strongest of the bunch on a percentage basis on Friday, though there also wasn't a lot of anything specific here to blame the buying on. Like corn, short-covering was likely a feature throughout today, with funds likely banking some profits from the rest of the week's down move.

  

Farming = Seeds of Success,  Sprouting EVERYWHERE! 



WEATHER


Weather
Forecast