It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat.
Dow Jones Industrial Average Index settled at 42,353, +39.75 points for the week.
Crude oil settled at $74.45, +5.81.
Dollar Index settled at 102.49, +2.07.
Baltic Dry Index (a shipping freight-cost index) settled at 1,928, -182 for the week.
Corn
December futures at $4.24¾, +6¾¢ 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, 1¢ weaker.
Dayton, Ohio Cargill’s spot basis is -50Z, 3¢ weaker, $3.75 cash price.
Iowa Falls Poet’s spot basis is -18Z, 18¢ weaker, $4.06 cash price.
COT Report (Commitment of Traders, chart below)