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Weekly Basis 9/24/23
It's our weekly grain market prices and US grain basis analysis and outlook on September 24, 2023 for corn, soybeans and wheat. The Dow Jones Industrial Average (DJIA) settled at 33963.84, -654.40 points for the week. Crude oil settled at $90.33, -0.87. The Dollar Index settled at 105.58, +0.25. The Baltic Dry Index (a shipping freight-cost index) settled at 1593, +212 points for the week. Corn December futures at $4.77¼, +1¢ for the week. Basis (Z = December; e.g. 10Z

Wright Team
Sep 24, 20233 min read


Weekly Basis 9/17/23
It's our weekly grain market prices and US grain basis analysis and outlook on September 17, 2023 for corn, soybeans and wheat. The Dow Jones Industrial Average (DJIA) settled at 34,618.24, +41.65 points for the week. Crude oil settled at $91.20, +3.97. The Dollar Index settled at 105.33, +0.24. The Baltic Dry Index (a shipping freight-cost index) settled at 1,381, +195 points for the week. Corn December futures at $4.76¼, -7½¢ for the week. Basis (Z = December; e.g. 1

Wright Team
Sep 17, 20234 min read


Weekly Basis 9/10/23
It's our weekly grain market prices and US grain basis analysis and outlook on September 10, 2023 for corn, soybeans and wheat. The Dow Jones Industrial Average (DJIA) settled at 34,576.59, -261.12 points for the week. Crude oil settled at $87.23, +1.18. The Dollar Index settled at 105.09, +0.83. The Baltic Dry Index (a shipping freight-cost index) settled at 1,186, +121 points for the week. Corn December futures at $4.83¾, +2¼¢ for the week. Basis (Z = December; e.g.

Wright Team
Sep 10, 20233 min read


Weekly Basis 9/3/23
It's our weekly grain market prices and US grain basis analysis and outlook on September 3, 2023 for corn, soybeans and wheat. The Dow Jones Industrial Average (DJIA) settled at 34,837.71, +490.81 points for the week. Crude oil settled at $86.05, +6.00. The Dollar Index settled at 104.24, +0.05. The Baltic Dry Index (a shipping freight-cost index) settled at 1,065, -15 points for the week. Corn December futures at $4.81½, -6½¢ for the week. September futures at $4.84¾,

Wright Team
Sep 3, 20233 min read


Weekly Basis 8/27/23
It's our weekly grain market prices and US grain basis analysis and outlook on August 27, 2023 for corn, soybeans and wheat. The Dow Jones Industrial Average (DJIA) settled at 34,346.90, -153.76 points for the week. Crude oil settled at $80.05, -1.35. The Dollar Index settled at 104.19, +0.76. The Baltic Dry Index (a shipping freight-cost index) settled at 1,080, -157 points for the week. Corn September futures at $4.70¾, -8¾¢ for the week. December futures at $4.88, -5

Wright Team
Aug 27, 20233 min read


Weekly Basis 8/20/23
It's our weekly grain market prices and US grain basis analysis and outlook on August 20, 2023 for corn, soybeans and wheat. The Dow Jones Industrial Average (DJIA) settled at 34,500.66, -780.74 points for the week. Crude oil settled at $81.40, -1.64. The Dollar Index settled at 103.43, +0.58. The Baltic Dry Index (a shipping freight-cost index) settled at 1,237, +108 points for the week. Corn September futures at $4.79½, +5¢ for the week. December futures at $4.93, +5¾

Wright Team
Aug 20, 20233 min read


Weekly Basis 8/13/23
It's our weekly grain market prices and US grain basis analysis and outlook on August 13, 2023 for corn, soybeans and wheat. The Dow Jones Industrial Average (DJIA) settled at 35,281.40, +215.78 points for the week. Crude oil settled at $83.04, +0.40. The Dollar Index settled at 102.85, +0.84. The Baltic Dry Index (a shipping freight-cost index) settled at 1,129, -7 points for the week. Corn September futures at $4.74½, -9¾¢ for the week. December futures at $4.87¼, -10

Wright Team
Aug 13, 20234 min read


Weekly Basis 8/6/23
The Dow Jones Industrial Average (DJIA) settled at 35,065.62, -393.67 points for the week. Crude oil settled at $82.64, +1.97. The Dollar Index settled at 102.01, +0.31. The Baltic Dry Index (a shipping freight-cost index) settled at 1,136, +26 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn September futures at $4.84¼, -36¾¢ for the week. December futures at $4.97¼, -33¢ for the week. Basis (U = September; e.g. 10U means 10¢ over S

Wright Team
Aug 6, 20233 min read


Weekly Basis 7/30/23
The Dow Jones Industrial Average (DJIA) settled at 35,459.29, +231.60 points for the week. Crude oil settled at $80.67, +3.84. The Dollar Index settled at 101.70, +0.62. The Baltic Dry Index (a shipping freight-cost index) settled at 1,110, +132 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn September futures at $5.21, -6¢ for the week. December futures at $5.30¼, -6¢ for the week. Basis (U = September; e.g. 10U means 10¢ over Sept

Wright Team
Jul 30, 20233 min read


Weekly Basis 7/23/23
The Dow Jones Industrial Average (DJIA) settled at 35,227.69, +718.66 points for the week. Crude oil settled at $76.83, +1.56. The Dollar Index settled at 101.08, +1.12. The Baltic Dry Index (a shipping freight-cost index) settled at 978, -112 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn September futures at $5.27, +20½¢ for the week. December futures at $5.36¼, +22½¢ for the week. Basis (U = September; e.g. 10U means 10¢ over Se

Wright Team
Jul 23, 20233 min read


Weekly Basis 7/16/23
The Dow Jones Industrial Average (DJIA) settled at 34,509.03, +774.15 points for the week. Crude oil settled at $75.27, +1.60. The Dollar Index settled at 99.96, -2.31. The Baltic Dry Index (a shipping freight-cost index) settled at 1,090, +81 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn September futures at $5.06½, +19¼¢ for the week. December futures at $5.13¾, +19¼¢ for the week. Basis (U = September; e.g. 10U means 10¢ over S

Wright Team
Jul 16, 20233 min read


Weekly Basis 6/25/23
The Dow Jones Industrial Average (DJIA) settled at 33,727.43, -571.69 points for the week. Crude oil settled at $69.50, -1.94. The Dollar Index settled at 102.87, +0.57. The Baltic Dry Index (a shipping freight-cost index) settled at 1,240, +164 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn September futures at $5.84¾, -9¼¢ for the week. December futures at $5.88, -9½¢ for the week. Basis (U = September; e.g. 10U means 10¢ over Se

Wright Team
Jun 25, 20234 min read


Weekly Basis 6/18/23
The Dow Jones Industrial Average (DJIA) settled at 34,299.12, +422.34 points for the week. Crude oil settled at $71.44, +1.09. The Dollar Index settled at 102.305, -1.25. The Baltic Dry Index (a shipping freight-cost index) settled at 1,076, +21 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn July futures at $6.40¼, +36¢ for the week. December futures at $5.97½, +67¢ for the week. Basis (N = July; e.g. 10N means 10¢ over July future

Wright Team
Jun 18, 20233 min read


Weekly Basis 6/11/23
The Dow Jones Industrial Average (DJIA) settled at 33,876.78, +114.02 points for the week. Crude oil settled at $70.35, -1.52. The Dollar Index settled at 103.55, -0.49. The Baltic Dry Index (a shipping freight-cost index) settled at 1,055, +118 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn July futures at $6.04¼, -4¾¢ for the week. December futures at $5.30½, -10¾¢ for the week. Basis (N = July; e.g. 10N means 10¢ over July futur

Wright Team
Jun 11, 20233 min read


Weekly Basis 6/4/23
The Dow Jones Industrial Average (DJIA) settled at 33,762.76, +669.42 points for the week. Crude oil settled at $71.87, -1.00. The Dollar Index settled at 104.04, -0.19. The Baltic Dry Index (a shipping freight-cost index) settled at 937, -235 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn July futures at $6.09, +5¢ for the week. December futures at $5.41¼, +6¾¢ for the week. Basis (N = July; e.g. 10N means 10¢ over July futures) (

Wright Team
Jun 4, 20233 min read


Weekly Basis 5/28/23
The Dow Jones Industrial Average (DJIA) settled at 33,093.34, -333.29 points for the week. Crude oil settled at $72.87, +1.20. The Dollar Index settled at 104.23, +1.04. The Baltic Dry Index (a shipping freight-cost index) settled at 1,172, -212 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn July futures at $6.04, +49½¢ for the week. December futures at $5.34½, +34¾¢ for the week. Basis (N = July; e.g. 10N means 10¢ over July futur

Wright Team
May 28, 20233 min read


Weekly Basis 5/21/23
The Dow Jones Industrial Average (DJIA) settled at 33,426.63, +126.01 points for the week. Crude oil settled at $71.67, +1.58. The Dollar Index settled at 103.19, +0.49. The Baltic Dry Index (a shipping freight-cost index) settled at 1,384, -174 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn July futures at $5.54½, -31¾¢ for the week. December futures at $4.99¾, -9¢ for the week. Basis (N = July; e.g. 10N means 10¢ over July future

Wright Team
May 21, 20233 min read


Weekly Basis 5/14/23
The Dow Jones Industrial Average (DJIA) settled at 33,300.62, -373.76 points for the week. Crude oil settled at $70.09, -1.23. The Dollar Index settled at 102.70, +1.42. The Baltic Dry Index (a shipping freight-cost index) settled at 1,558, steady for the week. Below is corn, soybeans and wheat basis outlook this week. Corn July futures at $5.86¼, -10¼¢ for the week. December futures at $5.08¾, -26¢ for the week. Basis (N = July; e.g. 10N means 10¢ over July futures) (

Wright Team
May 14, 20233 min read


Weekly Summary & Recommendations 5/10/23
Grain market summary of price outlook, seasonal situation, fundamental & technical analysis with our recommendations for corn , soybeans and wheat for past week Wednesday to Tuesday. Corn Corn situation after the close Tuesday, May 9 , 2023: July corn settled on Tuesday at $5.84¾, +4¾¢ from last Tuesday. December corn settled on Tuesday at $5.18¼, -1½¢ since last Tuesday. The past 7 days’ high was $5.37, the low was $5.12½. Contract high is $6.79¼ made Apr 27, 2022; Contra

Wright Team
May 10, 20233 min read


Weekly Basis 5/7/23
The Dow Jones Industrial Average (DJIA) settled at 33,674.38, -423.78 points for the week. Crude oil settled at $71.32, -5.31. The Dollar Index settled at 101.28, -0.39. The Baltic Dry Index (a shipping freight-cost index) settled at 1,558, -18 for the week. Below is corn, soybeans and wheat basis outlook this week. Corn July futures at $5.96½, +11½¢ for the week. December futures at $5.34¾, +7¢ for the week. Basis (N = July; e.g. 10N means 10¢ over July futures) (Futu

Wright Team
May 7, 20234 min read
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