It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat.
Dow Jones Industrial Average Index settled at 43,479, +1,540.38 points for the week.
Crude oil settled at $78.04, -0.78.
Dollar Index settled at 109.41, -0.55.
Baltic Dry Index (a shipping freight-cost index) settled at 987, -106 for the week.
Corn
March futures at $4.84¼, +7¾¢ for the week.
Basis (H = March; e.g. 10H means 10¢ over March futures) (Futures price + Basis = Cash price)
The US national average basis is -32H, 2¢ weaker.
Dayton, Ohio Cargill’s spot basis is even H, steady, $4.84 cash price.
Iowa Falls Poet’s spot basis is -15H, steady, $4.69 cash price.
COT Report (Commitment of Traders, chart below)