It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat.
Dow Jones Industrial Average Index settled at 41,563, +388.00 points for the week.
Crude oil settled at $73.65, -1.31.
Dollar Index settled at 101.73, +1.05.
Baltic Dry Index (a shipping freight-cost index) settled at 1,814, +52 for the week.
Corn
December futures at $4.01, +10¢ 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, 2¢ firmer.
Dayton, Ohio Cargill’s spot basis is -45Z, 6¢ firmer, $3.56 cash price.
Iowa Falls Poet’s spot basis is 8Z, 6¢ firmer, $4.09 cash price.
COT Report (Commitment of Traders, chart below)
Commercial Traders change is -32,525 to 17,856 net short from net long last week (bought 162.625 mil. bu. more of physical grain than sold).
Big Spec Funds change is +15,988 to 241,908 net short.
Open Interest change is -227,921 to 1,777,126.
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