Weekly Basis 4/6/25
- Wright team
- 2 days ago
- 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 38,315, -3,269 points for the week.
Crude oil settled at $62.32, -6.72.
Dollar Index settled at 102.89, -1.12.
Baltic Dry Index (a shipping freight-cost index) settled at 1,489, -113 for the week.
Corn
May futures at $4.60¼, +7¢ for the week.
December futures at $4.46¾, +4¼¢ 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 -29K, 2¢ firmer.
Dayton, Ohio Cargill’s spot basis is 15K, steady, $4.75 cash price.
Iowa Falls Poet’s spot basis is -5K, 5¢ firmer, $4.55 cash price.
COT Report (Commitment of Traders, chart below)
Want to read more?
Subscribe to wrightonthemarket.com to keep reading this exclusive post.