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Weekly Basis 3/16/25

Writer: Wright teamWright team

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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