Weekly Basis 3/30/25
- Wright team
- Mar 30
- 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 41,584, -401.45 points for the week.
Crude oil settled at $69.04, +0.75.
Dollar Index settled at 104.01, -0.14.
Baltic Dry Index (a shipping freight-cost index) settled at 1,602, -41 for the week.
Corn
May futures at $4.53¼, -11¢ for the week.
December futures at $4.42½, -8½¢ 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 -31K, 2¢ firmer.
Dayton, Ohio Cargill’s spot basis is 15K, steady, $4.68 cash price.
Iowa Falls Poet’s spot basis is -10K, steady, $4.43 cash price.
COT Report (Commitment of Traders, chart below)
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