top of page
If You Haven't, Try Our Daily Grain Market Reports FREE for 30 Days!
Writer's pictureWright team

Weekly Basis 7/9/24

It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat.


The Dow Jones Industrial Average (DJIA) settled at 39,376, +257.01 points for the week.

Crude oil settled at $83.16, +1.70.

The Dollar Index settled at 104.87, -0.98.

The Baltic Dry Index (a shipping freight-cost index) settled at 1,966, -84 for the week.

 

Corn


September futures at $4.10½, +3¢ 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 -12U, 7¢ firmer.

  • Dayton, Ohio Cargill’s spot basis is -17U, steady, $3.94 cash price.

  • Iowa Falls Poet’s spot basis is 30U, 10¢ firmer, $4.40 cash price.


COT Report (Commitment of Traders, chart below)

Want to read more?

Subscribe to wrightonthemarket.com to keep reading this exclusive post.

bottom of page