It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat.
Dow Jones Industrial Average Index settled at 42,802, -1,039.19 points for the week.
Crude oil settled at $67.05, -2.90.
Dollar Index settled at 103.91, -3.65.
Baltic Dry Index (a shipping freight-cost index) settled at 1,400, +171 for the week.
Corn
May futures at $4.69¼, -¼¢ for the week.
December futures at $4.54¼, -¾¢ 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 -37K, 7¢ firmer.
Dayton, Ohio Cargill’s spot basis is 5K, 16¢ firmer, $4.74 cash price.
Iowa Falls Poet’s spot basis is -10K, 7¢ firmer, $4.59 cash price.
COT Report (Commitment of Traders, chart below)