It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat.
The Dow Jones Industrial Average (DJIA) settled at 39,150, +561.17 points for the week.
Crude oil settled at $80.59, +2.10.
The Dollar Index settled at 105.83, +0.31.
The Baltic Dry Index (a shipping freight-cost index) settled at 1,997, +49 for the week.
Corn
July futures at $4.35, -15¢ 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 -15N, 1¢ firmer.
Dayton, Ohio Cargill’s spot basis is -10N, steady, $4.25 cash price.
Iowa Falls Poet’s spot basis is 23N, 3¢ firmer, $4.58 cash price.
COT Report (Commitment of Traders, chart below)