It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat.
The Dow Jones Industrial Average (DJIA) settled at 40,001, +625.03 points for the week.
Crude oil settled at $82.18, -0.98.
The Dollar Index settled at 104.08, -0.79.
The Baltic Dry Index (a shipping freight-cost index) settled at 1,997, +31 for the week.
Corn
September futures at $4.02, -8½¢ for the week.
Basis (U = Sept; e.g. 10U means 10¢ over September futures) (Futures price + Basis = Cash price)
The US national average basis is -9U, 3¢ firmer.
Dayton, Ohio Cargill’s spot basis is -17U, steady, $3.85 cash price.
Iowa Falls Poet’s spot basis is 30U, steady, $4.32 cash price.
COT Report (Commitment of Traders, chart below)