It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat.
The Dow Jones Industrial Average (DJIA) settled at 38,799, +112.67 points for the week.
Crude oil settled at $75.38, -1.80.
The Dollar Index settled at 104.94, +0.32.
The Baltic Dry Index (a shipping freight-cost index) settled at 1,881, +66 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 -18N, 3¢ firmer.
Dayton, Ohio Cargill’s spot basis is -10N, 2¢ firmer, $4.39 cash price.
Iowa Falls Poet’s spot basis is 17N, 5¢ firmer, $4.65 cash price.
COT Report (Commitment of Traders, chart below)