It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat.
Dow Jones Industrial Average Index settled at 44,782, +485.49 points for the week.
Crude oil settled at $68.8, -2.38.
Dollar Index settled at 106.22, -1.27.
Baltic Dry Index (a shipping freight-cost index) settled at 1,298, -239 for the week.
Corn
March futures at $4.32½, -2¾¢ for the week.
Basis (H = March; e.g. 10H means 10¢ over March futures) (Futures price + Basis = Cash price)
The US national average basis is -26H, 4¢ firmer.
Dayton, Ohio Cargill’s spot basis is even H, 5¢ firmer, $4.33 cash price.
Iowa Falls Poet’s spot basis is -2H, 8¢ firmer, $4.31 cash price.
COT Report (Commitment of Traders, chart below)