It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat.
The Dow Jones Industrial Average (DJIA) settled at 38,240, +253.26 points for the week.
Crude oil settled at $83.66, +0.42.
The Dollar Index settled at 106.09, -0.03.
The Baltic Dry Index (a shipping freight-cost index) settled at 1,721, -198 for the week.
Corn
May futures at $4.40, +6½¢ for the week.
Basis (K = March; e.g. 10K means 10¢ over May futures) (Futures price + Basis = Cash price)
The US national average basis is -15K, 2¢ firmer.
Dayton, Ohio Cargill’s spot basis is -5K, steady, $4.35 cash price.
Iowa Falls Poet’s spot basis is 20K, 5¢ weaker, $4.60 cash price.
COT Report (Commitment of Traders, chart below)