It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat.
Dow Jones Industrial Average Index settled at 42,574, -266.53 points for the week.
Crude oil settled at $71.59, +2.01.
Dollar Index settled at 107.98, +0.17.
Baltic Dry Index (a shipping freight-cost index) settled at 997, +7 for the week.
Corn
March futures at $4.54, +7¾¢ 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 -27H, steady.
Dayton, Ohio Cargill’s spot basis is even H, steady, $4.54 cash price.
Iowa Falls Poet’s spot basis is -12H, 4¢ weaker, $4.42 cash price.
COT Report (Commitment of Traders, chart below)