It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat.
Dow Jones Industrial Average Index settled at 43,989, +1,936.80 points for the week.
Crude oil settled at $70.43, +1.10.
Dollar Index settled at 104.95, +0.63.
Baltic Dry Index (a shipping freight-cost index) settled at 1,495, +117 for the week.
Corn
December futures at $4.31, +16½¢ 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 -24Z, 4¢ firmer.
Dayton, Ohio Cargill’s spot basis is even Z, 10¢ firmer, $4.31 cash price.
Iowa Falls Poet’s spot basis is 3Z, 3¢ firmer, $4.34 cash price.
COT Report (Commitment of Traders, chart below)