It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat.
Dow Jones Industrial Average Index settled at 42,052, -62.21 points for the week.
Crude oil settled at $69.33, -2.36.
Dollar Index settled at 104.32, steady.
Baltic Dry Index (a shipping freight-cost index) settled at 1,378, -32 for the week.
Corn
December futures at $4.14½, -¾¢ 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 -28Z, 2¢ firmer.
Dayton, Ohio Cargill’s spot basis is -10Z, 20¢ firmer, $4.05 cash price.
Iowa Falls Poet’s spot basis is even Z, 12¢ firmer, $4.14 cash price.
COT Report (Commitment of Traders, chart below)