top of page
If You Haven't, Try Our Daily Grain Market Reports FREE for 30 Days!
Writer's pictureWright team

Weekly Basis 12/8/24

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat.


Dow Jones Industrial Average Index settled at 44,643, -139.48 points for the week.

Crude oil settled at $67.17, -1.63.

Dollar Index settled at 105.97, -0.25.

Baltic Dry Index (a shipping freight-cost index) settled at 1,167, -131 for the week.

 

Corn


March futures at $4.40, +7½¢ 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 -24H, 2¢ firmer.

  • Dayton, Ohio Cargill’s spot basis is even H, steady, $4.40 cash price.

  • Iowa Falls Poet’s spot basis is -5H, 3¢ weaker, $4.35 cash price.


COT Report (Commitment of Traders, chart below)

                  Want to read more?

                  Subscribe to wrightonthemarket.com to keep reading this exclusive post.

                  Recent Posts

                  See All
                  bottom of page