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 15, 2025, 03:31:45 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 15, 2025, 03:31:45 PM CDT or prior.

NEWS


Ag Market Commentary
Soybeans Leaking with Ratings Strength
Soybeans are showing midday losses of 3 to 5 cents on Tuesday as contracts revert from early morning gains. The cmdtyView national average Cash Bean price is down 4 cents at $9.57 3/4. Soymeal futures are down $3/ton, as Soy Oil is 60 to 65 points higher. Monday afternoonโ€™s Crop...
Cotton Holding Higher on Tuesday
Cotton futures are showing 40 to 81 point gains across most contracts on Tuesday. Crude oil is down $0.69/barrel at $66.29, with the US dollar index $0.597 higher to $98.360. Weekly Crop Progress data showed a total of 61% of the US cotton crop squaring, with 23% setting bolls. Condition...
Cattle Rallying Back on Tuesday
Live cattle futures are rallying $2.05 to $2.325 at midday. Cash trade has yet to get kicked off this week, after strengthening to $228-$230 in the South and $240-241 in the North. Feeder cattle are showing a Turnaround Tuesday bounce at midday, with contracts up $2.70 to $2.90. The CME...
Hogs Mixed at Midday
Lean hog futures are mixed at midday on Tuesday with contracts within 65 cents of unchanged. July expires today. USDAโ€™s national base hog price was reported at $110.36 on Tuesday morning. The CME Lean Hog Index was back up 15 cents at $107.25 on July 11. USDAโ€™s FOB plant pork...
Wheat Slide Lower Continues
The wheat complex is trading with losses on Tuesday. Chicago SRW wheat is down 4 to 5 cents at midday. KC HRW futures are fractionally in the red at midday so far on Tuesday. MPLS spring wheat is trading with 2 to 3 cent losses across most contracts. The Monday...
Corn Posting Turnaround Tuesday Gains
Corn futures are trading with contracts up 2 to 4 cents at midday on Tuesday. The front month CmdtyView national average Cash Corn price is up 2 cents at $3.89 1/2. Crop Progress data showed the US corn crop at 34% silking (1% above average), with 7% of the crop...



DAILY MARKET COMMENTARY


 

 

CLOSING COMMENTS:

07/15/2025

Tuesday saw another day of choppy price action at the CBOT today, as soybean and wheat markets closed lower and the corn market closed higher on another day of not a lot of new news. Yesterday afternoon's unexpected jump in soybean conditions was the main reason given for the downward price action there, but otherwise, the chatter throughout day two of this week was rather similar to what was heard on day one, with traders still focused mostly focused on crop sizes and weather.

 

Corn Market Update

 

๐Ÿ“ˆ Prices:

  • September Corn (CU): $4.01 1/4, up 1 1/4 cents
  • December Corn (CZ): $4.19 3/4, up 1 3/4 cents
  • September/December Spread (CU/CZ): -18 1/2, down 1/2 cent; new contract low at -18 3/4

 

๐Ÿ“‹ Market Headlines:

  • Brazil's CONAB late on Monday showed similar harvest progress numbers to other private groups, and indicated the country's safrinha corn harvest has reached 41.7% complete, compared to 74.2% last year and the give-year average of 51.1%.

 

  • Monday's crop condition ratings showed a steady week for G/EX ratings, with 74% of the crop still rated in this category, which compares to 68% last year. The report also showed corn silking at 34% compared to 39% last year, while the amount of the crop in the dough stage was seen at 7%, which matched last year.

 

Summary:

Tuesday saw another quiet day of headlines in the corn market, as yesterday's crop conditions report was really the only talking point throughout the session today. Prices failed to make new contract lows throughout the day which could be a positive sign for the bulls, but there also didn't seem to be a lot of interest in pushing values higher, as the buying felt more like a profit taking bounce than anything else. Ongoing friendly weather forecasts remain the number one input to price discovery in the short term, with some sort of spark needed to begin a new trend in either direction.

 

 

Soybean Market Update

 

๐Ÿ“ˆ Prices:

  • August Soybeans (SQ): $9.95, down 6 cents
  • November Soybeans (SX): $10.01 3/4, down 5 1/4 cents
  • August Soybean Meal (MQ): $265.30, down $2.40/ton; new contract low at 264.50
  • August Soybean Oil (LQ): 54.56, up 0.39 cents/lb
  • August/November Spread (SQ/SX): -6 3/4, down 3/4 cents

 

๐Ÿ“‹ Market Headlines:

  • Monthly soybean crush data released earlier this morning by the National Oilseed Processors Association (NOPA) for the month of June showed US crush at 185.709 mil bu, which was slightly above the average trade guess; the figure was also a new record for June, and up around 6% from last year.

 

  • NOPA also reported that US soybean oil stocks as of June 31st stood at 1.366 bil lbs, which was below the average trade guess and down nearly 16% from last year; the figure was also the lowest June figure since 2004.

 

  • Crop conditions in yesterday afternoon's report saw an unexpected 4% jump in the G/EX category to 70%, which is now 2% ahead of last year at this time. The report also showed the amount of crop blooming at 47% compared to 49% last year, and 15% of the crop is setting pods compared to 17% last year.

 

Summary:

News in the soybean market was slow for a second consecutive day on Tuesday, as crush data for the month was largely as expected and offered little to either the bulls or the bears. New crop futures have continued to hold $10 for the time being which has been a good sign technically, but the longer the market hovers at or near this level, the more likely it becomes that it fails sooner than later.

 

 

Wheat Market Update

 

๐Ÿ“ˆ Prices:

  • September Chicago Wheat (WU): $5.38, down 3 1/2 cents
  • December Chicago Wheat (WZ): $5.58 3/4, down 3 1/2 cents
  • September/December Spread (WU/WZ): -20 3/4, unchanged

 

๐Ÿ“‹ Market Headlines:

  • Spring wheat conditions improved 4% in yesterday afternoon's report to 54% G/EX, which remains noticeably behind last year's rating of 77% at this time.

 

  • Private Russian consultancy IKAR on Tuesday lowered its estimate of 2025 Russian wheat production by 0.5 MMTs to 84.0 MMTs, citing lower-than-expected yields in the southern part of the country. The group also lowered its export forecast a like amount to 42.0 MMTs.

 

  • Cash-connected traders reported that Algeria's state grain agency purchased roughly 1 million tons of milling wheat in international tender that closed today; sources believe the origin was likely the Black Sea region, with bushels possibly coming from Ukraine, Russia or Bulgaria.

 

Summary:

Wheat news for Tuesday was mostly global, as there was little of note being talked about in regards to US harvest or the jump in spring wheat conditions. Final winter wheat conditions last week would argue for a crop that is slightly lower than what the USDA reported last week, but this will likely be debated into the August crop report.

 

 

 

Farming = Seeds of Success,  Sprouting EVERYWHERE! 

 

 

 


 

 

 



WEATHER


Weather
Forecast