It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat.
Dow Jones Industrial Average Index settled at 40,660, +1,162.22 points for the week.
Crude oil settled at $76.6, -0.38.
Dollar Index settled at 102.4, -0.75.
Baltic Dry Index (a shipping freight-cost index) settled at 1,691, +21 for the week.
Corn
September futures at $3.70½, -6¼¢ 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 -11U, 1¢ weaker.
Dayton, Ohio Cargill’s spot basis is -20U, 5¢ weaker, $3.51 cash price.
Iowa Falls Poet’s spot basis is 25U, 5¢ firmer, $3.95 cash price.
COT Report (Commitment of Traders, chart below)
Commercial Traders change is +21,090 to 9,633 net long from net short last week (sold 105.45 mil. bu. more of physical grain than bought).
Big Spec Funds change is -6,462 to 249,007 net short.
Open Interest change is +22,906 to 2,039,692.
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