Weekly Basis 3/16/25
- Wright team
- Mar 16
- 4 min read
It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat.
Dow Jones Industrial Average Index settled at 41,488, -1,313.53 points for the week.
Crude oil settled at $67.19, +0.14.
Dollar Index settled at 103.74, -0.17.
Baltic Dry Index (a shipping freight-cost index) settled at 1,669, +269 for the week.
Corn
May futures at $4.58½, -10¾¢ for the week.
December futures at $4.51, -3¼¢ for the week.
Basis (K = May; e.g. 10K means 10¢ over May futures) (Futures price + Basis = Cash price)
The US national average basis is -36K, 1¢ firmer.
Dayton, Ohio Cargill’s spot basis is 10K, 5¢ firmer, $4.69 cash price.
Iowa Falls Poet’s spot basis is -10K, steady, $4.48 cash price.
COT Report (Commitment of Traders, chart below)
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