Weekly Basis 4/20/25

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat.

Dow Jones Industrial Average Index settled at 39,142, -1,070 points for the week.

Crude oil settled at $64.45, +2.97.

Dollar Index settled at 99.23, -0.55.

Baltic Dry Index (a shipping freight-cost index) settled at 1,261, -13 for the week.

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Corn

May futures at $4.82¼, -8¢ for the week.

December futures at $4.66, +2½¢ 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 -27K, steady.

• Dayton, Ohio Cargill’s spot basis is 15K, steady, $4.97 cash price.

• Iowa Falls Poet’s spot basis is -3K, 2¢ firmer, $4.79 cash price.

COT Report (Commitment of Traders, chart below)

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