It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat.
Dow Jones Industrial Average Index settled at 42,114, -1,161.51 points for the week.
Crude oil settled at $71.69, +2.35.
Dollar Index settled at 104.32, +0.86.
Baltic Dry Index (a shipping freight-cost index) settled at 1,410, -166 for the week.
Corn
December futures at $4.15¼, +10½¢ 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 -30Z, 2¢ firmer.
Dayton, Ohio Cargill’s spot basis is -30Z, 10¢ firmer, $3.85 cash price.
Iowa Falls Poet’s spot basis is -12Z, 8¢ firmer, $4.03 cash price.
COT Report (Commitment of Traders, chart below)