It's our weekly US grain market prices analysis and outlook for corn, soybeans and wheat.
Dow Jones Industrial Average Index settled at 42,063, +669.58 points for the week.
Crude oil settled at $71.25, +2.01.
Dollar Index settled at 100.74, -0.37.
Baltic Dry Index (a shipping freight-cost index) settled at 1,977, +87 for the week.
Corn
December futures at $4.01¾, -11½¢ for the week.
Basis (Z = Dec; e.g. 10Z means 10¢ over December futures) (Futures price + Basis = Cash price)
The US national average basis is -30Z, steady.
Dayton, Ohio Cargill’s spot basis is -47Z, 2¢ weaker, $3.55 cash price.
Iowa Falls Poet’s spot basis is 15Z, steady, $4.16 cash price.
COT Report (Commitment of Traders, chart below)
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