It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat.
The Dow Jones Industrial Average (DJIA) settled at 38,589, -209.83 points for the week.
Crude oil settled at $78.49, +3.11.
The Dollar Index settled at 105.52, +0.58.
The Baltic Dry Index (a shipping freight-cost index) settled at 1,948, +67 for the week.
Corn
July futures at $4.48¾, +2½¢ 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 -16N, 2¢ firmer.
Dayton, Ohio Cargill’s spot basis is -10N, steady, $4.40 cash price.
Iowa Falls Poet’s spot basis is 20N, 3¢ firmer, $4.70 cash price.
COT Report (Commitment of Traders, chart below)