It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat.
The Dow Jones Industrial Average (DJIA) settled at 38654.42, +544.99 points for the week.
Crude oil settled at $72.41, -5.82.
The Dollar Index settled at 103.96, +0.49.
The Baltic Dry Index (a shipping freight-cost index) settled at 1407, -111 for the week.
Corn
March futures at $4.42¾, -3½¢ 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 -21H, 2¢ firmer.
Dayton, Ohio Cargill’s spot basis is 0H, 5¢ firmer, $4.43 cash price.
Iowa Falls Poet’s spot basis is 5H, 2¢ weaker, $4.48 cash price.
COT Report (Commitment of Traders)