It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat.
Dow Jones Industrial Average Index settled at 44,297, +851.52 points for the week.
Crude oil settled at $71.18, +4.23.
Dollar Index settled at 107.49, +0.82.
Baltic Dry Index (a shipping freight-cost index) settled at 1,537, -248 for the week.
Corn
December futures at $4.25½, +1½¢ 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, steady.
Dayton, Ohio Cargill’s spot basis is 5Z, 5¢ firmer, $4.31 cash price.
Iowa Falls Poet’s spot basis is even Z, 7¢ firmer, $4.25 cash price.
COT Report (Commitment of Traders, chart below)