It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat.
Dow Jones Industrial Average Index settled at 43,276, +412.05 points for the week.
Crude oil settled at $69.34, -6.15.
Dollar Index settled at 103.46, +0.54.
Baltic Dry Index (a shipping freight-cost index) settled at 1,576, -233 for the week.
Corn
December futures at $4.04¾, -11¢ 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 -40Z, 10¢ firmer, $3.65 cash price.
Iowa Falls Poet’s spot basis is -20Z, steady, $3.84 cash price.
COT Report (Commitment of Traders, chart below)