It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat.
The Dow Jones Industrial Average (DJIA) settled at 40,589, +301.81 points for the week.
Crude oil settled at $76.44, -3.81.
The Dollar Index settled at 104.33, -0.03.
The Baltic Dry Index (a shipping freight-cost index) settled at 1,808, -94 for the week.
Corn
September futures at $3.94½, +4¢ 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 -8U, 1¢ weaker.
Dayton, Ohio Cargill’s spot basis is -15U, steady, $3.80 cash price.
Iowa Falls Poet’s spot basis is 30U, 5¢ weaker, $4.24 cash price.
COT Report (Commitment of Traders, chart below)