It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat.
The Dow Jones Industrial Average (DJIA) settled at 40,004, +490.75 points for the week.
Crude oil settled at $80, +1.80.
The Dollar Index settled at 104.5, -0.81.
The Baltic Dry Index (a shipping freight-cost index) settled at 1,844, -285 for the week.
Corn
July futures at $4.52½, -17¼¢ for the week.
Basis (N = July; e.g. 10N means 10¢ over July futures) (Futures price + Basis = Cash price)
The US national average basis is -23N, 1¢ firmer.
Dayton, Ohio Cargill’s spot basis is -12N, 2¢ weaker, $4.41 cash price.
Iowa Falls Poet’s spot basis is 3N, steady, $4.55 cash price.
COT Report (Commitment of Traders, chart below)