It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat.
Dow Jones Industrial Average Index settled at 43,445, -544.00 points for the week.
Crude oil settled at $66.95, -3.48.
Dollar Index settled at 106.67, +1.72.
Baltic Dry Index (a shipping freight-cost index) settled at 1,785, +290 for the week.
Corn
December futures at $4.24, -7¢ 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 -20Z, 4¢ firmer.
Dayton, Ohio Cargill’s spot basis is even Z, steady, $4.24 cash price.
Iowa Falls Poet’s spot basis is 3Z, steady, $4.27 cash price.
COT Report (Commitment of Traders, chart below)