It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat.
Dow Jones Industrial Average Index settled at 42,864, +511.11 points for the week.
Crude oil settled at $75.49, +1.04.
Dollar Index settled at 102.92, +0.43.
Baltic Dry Index (a shipping freight-cost index) settled at 1,809, -119 for the week.
Corn
December futures at $4.15¾, -9¢ for the week.
Basis (Z = Dec; e.g. 10Z means 10¢ over December futures) (Futures price + Basis = Cash price)
The US national average basis is -32Z, steady.
Dayton, Ohio Cargill’s spot basis is -50Z, steady, $3.66 cash price.
Iowa Falls Poet’s spot basis is -20Z, 2¢ weaker, $3.95 cash price.
COT Report (Commitment of Traders, chart below)