Weekly Basis 3/23/25
- Wright team
- Mar 23
- 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 41,985, +497.16points for the week.
Crude oil settled at $68.29, +1.10.
Dollar Index settled at 104.15, +0.41.
Baltic Dry Index (a shipping freight-cost index) settled at 1,643, -26 for the week.
Corn
May futures at $4.64¼, +5¾¢ for the week.
December futures at $4.51, steady 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 -33K, 3¢ firmer.
Dayton, Ohio Cargill’s spot basis is 15K, 5¢ firmer, $4.79 cash price.
Iowa Falls Poet’s spot basis is -10K, steady, $4.54 cash price.
COT Report (Commitment of Traders, chart below)
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