Welcome To Legacy Grain Cooperative

Our Mission Statement:

Advancing our Legacy by creating value via modern facilities, dedicated employees, superior service, and sound marketing. 
[read more about Legacy Grain] 

Please read more about the upcoming merger with Heritage Grain in the Merger Announcement


CASH BIDS

Name Cash Price Basis
Sep 01, 2025
Dec 01, 2025
Jan 01, 2026
Mar 01, 2026
Jul 01, 2026
Sep 01, 2026
Quotes are delayed, as of September 13, 2025, 05:09:10 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 September 13, 2025, 05:09:10 AM CDT or prior.

NEWS


Ag Market Commentary
Cotton Close Higher as USDA Leaves Balance Sheet with Minimal Changes
Cotton futures reversed higher on Friday, with most contracts up 10 to 12 points, as December was 80 points in the green. The US dollar index was up $0.127 on the day to $97.655 with crude oil futures $0.25 higher. Weekly CFTC data indicated spec traders adding 2,536 contracts to...
Wheat Sneaks Out Gains Heading into the Weekend
The wheat complex saw Friday gains, as USDA gave a friendlier US number. CBT soft red wheat futures were 2 to 3 cents in the higher at the close, with December up 4 ¼ cents this week. KC HRW futures were up 4 to 5 cents across the front months,...
Hogs End Friday with Weakness
Lean hog futures slipped back lower on Friday, with contracts down 20 cents to $1.05, as October was still up $1.10 this week. USDA’s national base hog report from Friday afternoon saw trade averaging $103.94, down $3.35 from the day prior. The CME Lean Hog Index was back up 11...
Cattle Fall Lower into the Weekend
Live cattle futures resumed some selling into the Friday close, with contracts $2 to $2.30 in the red and October down $6 this week. Cash activity narrowed in at $240 across the country down $2 from last week. Feeder cattle futures closed out Friday falling $4.82 to $7.25 lower in...
Soybeans Post Friday Gains, Despite Larger US Stocks
Soybeans posted 12 to 13 cent gains in the front months on Friday, as November was up 19 ¼ cents since last Friday. The cmdtyView national average Cash Bean price was up 13 cents at $9.70 1/4. Soymeal futures were up 60 cents to $1.50, with October up $7.10 on...
Corn Rallies on Friday Despite Increased Production Estimate
Corn futures closed with strength on Friday, as contracts were up 10 to 11 cents in the front months. December managed to close with a 12 cent gain this week. The CmdtyView national average Cash Corn price as up 10 1/2 cents at $3.85 1/2. USDA’s monthly Crop Production report...





 ***Elevator Hours for 9/12/25***

 

Moweaqua - 7:00 pm  - - - -  Open Sat (9/13)  @ 7:00 am

Stonington - 7:00 pm - - - - Open Sat (9/13)  @ 7:00 am

Sharpsburg - 7:00 pm - - - - Open Sat (9/13) @ 7:00 am

Blue Mound - 7:00 pm - - -  Open Sat (9/13) @ 7:00 am 

Dalton City - 7:00 pm - - -  Open Sat (9/13)2 7:00 am

Bethany - 7:00 pm  - - - - Open Sat (9/13) @ 7:00 am 

 

 

Legacy Grain 2025 Crop Tour Results

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CLOSING COMMENTS:

09/12/2025

 

 

Happy Friday. Corn and soybean markets saw strong closes to end the week at the CBOT on Friday, as what could probably be described as bearish data from the USDA actually produced buying for the last 2 hours of the day and into the close. Production figures were again adjusted higher, but it is believed that with one of the drier Augusts on record for a lot of people, these production figures could be adjusted lower in subsequent reports and were maybe overdone. We have no way of knowing whether this has any validity, but what we do know is that had you told us this morning acres were going to be pushing 99 million, production was going to sniff 17 billion bushels, and futures prices were going to close a dime higher, we likely would've called you crazy.

 

🌽 Corn Market Update

 

📈 Prices:

  • December Corn (CZ): $4.30, up 10 1/4 cents
  • March Corn (CH): $4.47 1/4, up 10 cents
  • December/March Spread (CZ/CH): -17 1/4, up 1/4 cent
  • For the week: CZ was up 12 cents; CH was up 10 3/4 cents

 

📋 Market Headlines:

  • This morning's WASDE update pegged the average US corn yield at 186.7 bu/acre, down 2.1 bu from last month; however, production still increased 72 mil bu to 16.814 bil on a 1.4 million acre increase in both planted and harvested area. Planted area at 98.7 million acres is now up 3.4 million acres from the USDA's initial estimate in May. At the state level, there are still six states currently expected to set new all-time yield records.

 

  • Demand-wise, old crop demand was lowered 25 mil bu which led to a 20 mil bu increase in carry-in stocks, but this and the production increase were offset by a 100 mil bu increase in new crop exports. This all led to ending stocks being down just 7 mil bu from last month at 2.110 bil bu. World stocks were seen at 281.4 MMTs, down from 282.5 last month.

 

  • USDA made no adjustments to old crop or new crop corn production in Argentina, but did raise Brazil old crop production to 135 MMTs from 132 previously; they also decreased 2024/25 exports out of Ukraine by 400k MTs and lowered China 2025/25 imports by 1 MMT to 3 MMTs.

 

Summary:

Corn futures punched through resistance to end the week this week, with the Dec contract working into the Fourth of July gap area and also closing above the 100-day moving average for the first time since late-May. There were rumors floating around this week that planted area could possibly be higher today based on new FSA data, but we're not sure anyone had nearly 99 million acres on their bingo cards going into today. That said, the sharply higher closes in spite of that leads us to further believe that the market has likely scored an early-seasonal bottom, with the trend usually higher into winter once harvest has surpassed the 50% mark. Remember, traders have priced in a lot of bearish supply-side information in the last month to two months.

 

 

🌱 Soybean Market Update

 

📈 Prices:

  • November Soybeans (SX): $10.46 1/4, up 12 3/4 cents
  • January Soybeans (SF): $10.65 1/4, up 12 3/4 cents
  • October Soybean Meal (MV): $287.60, up $1.50/ton
  • October Soybean Oil (LV): 51.67, up 0.59 cents/lb
  • November/January Spread (SX/SF): -19, unchanged
  • For the week: SX was up 19 3/4 cents; SF was up 19 3/4 cents; MV was up $7.0/ton; LV was up 0.86 cents/lb

 

📋 Market Headlines:

  • Private exporters this morning reported daily export sales flashes of 22,000 MTs of soybean oil for delivery to South Korea during the 2025/26 marketing year. This is the first flash bean oil sale since March.

 

  • WASDE this morning pegged average US soybean yield at 53.5 bu/acre, down 0.1 from last month, but like corn, production was nonetheless higher as planted and harvested area were each adjusted higher by 200k acres a piece; this put production at 4.301 bil bu. At the state level, there are 8 states expected to either set or tie all-time yield records.

 

  • As for the rest of the balance sheet, there were next to no changes made to the old crop, while the new crop sheet saw crush adjusted higher by 15 mil bu while exports were adjusted lower by 20 mil bu. This, along with the production adjustment, led to ending stocks increasing 10 mil bu to 300 mil bu.

 

  • At the world level, ending stocks were lowered slightly from last month to 123.99 MMTs; USDA made no production adjustments in either Brazil or Argentina, while Chinese soybean imports were left unchanged from last month in both the old and new crop.

 

  • In the products, meal exports were adjusted 500k MTs higher to 19.2 MMTs, while production was also increased 375k MTs. For oil, domestic use was up 150 mil lbs and production was up 180 mil lbs; there was no change made to exports.

Summary:

Perhaps more surprising than the increase in corn acres was the subsequent increase in soybean acres also, which led production here to tick higher despite yield being down slightly from last month. Last month when corn area was increased, there was a trade-off at the expense of soybean acres but that was not the case this go around. With there not being a lot of other notable balance sheet adjustments here otherwise, we would expect trader attention next week to quickly return to the China situation, with US and Chinese officials expected to hold meetings in Spain next week. The market will likely remain hyper-sensitive to any sort of headline regarding China, which along with harvest starting in the US, means one should be prepared for a possibly choppier than normal week next week.

 

 

🌾 Wheat Market Update

 

📈 Prices:

  • December Chicago Wheat (WZ): $5.23 1/2, up 2 cents
  • March Chicago Wheat (WH): $5.41, up 2 3/4 cents
  • December/March Spread (WZ/WH): -17 1/2, down 3/4 cent
  • For the week: WZ was up 4 1/4 cents; WH was up 5 1/4 cents

 

📋 Market Headlines:

  • There weren't a lot of wheat adjustments in this morning's update, with any production data being held off until the NASS small grains report at the end of the month. US ending stocks were down 25 mil bu from last month on a 25 mil bu increase in exports, which was the only balance sheet change.

 

  • At the world level, stocks were up nearly 4 MMTs from last month to 264.06 MMTs; USDA raised old crop Canadian exports 1.8 MMTs to 29.3 MMTs and raised EU exports 0.8 MMTs to 27.8 MMTs. For 2025/26, Australia production was up 3.5 MMTs on the month to 34.5 MMTs and their exports were up 2 MMTs to 25 MMTs, while production was also adjusted higher in Canada, the EU, Russia, and Ukraine by a combined 5.3 MMTs.

Summary:

The wheat market was a clear follower on Friday, as prices were drug higher by buying in the corn and soybean markets. With USDA adding nearly 10 MMTs to global production, there are some in the trade that feel possibly the bulk of the bearish supply-side news could be behind us.

 

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