It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat.
Dow Jones Industrial Average Index settled at 42,707, +132.83 points for the week.
Crude oil settled at $73.46, +1.87.
Dollar Index settled at 108.18, +0.20.
Baltic Dry Index (a shipping freight-cost index) settled at 1,043, +46 for the week.
Corn
March futures at $4.50¾, -3¼¢ 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 -28H, 1¢ weaker.
Dayton, Ohio Cargill’s spot basis is even H, steady, $4.51 cash price.
Iowa Falls Poet’s spot basis is -15H, 3¢ weaker, $4.35 cash price.
COT Report (Commitment of Traders, chart below)