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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


Weekly Summary & Recommendations 5/3/23
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 2 , 2023: July corn settled on Tuesday at $5.80, -27¾¢ from last Tuesday. December corn settled on Tuesday at $5.19¾, -28½¢ since last Tuesday. The past 7 days’ high was $5.50, the low was $5.18.

Wright Team
May 3, 20233 min read


Weekly Basis 4/30/23
The Dow Jones Industrial Average (DJIA) settled at 34,098.16, +289.20 points for the week. Crude oil settled at $76.63, -1.32. The Dollar Index settled at 101.67, -0.05. The Baltic Dry Index (a shipping freight-cost index) settled at 1,576, +72 for the week. Below is corn, soybeans and wheat basis outlook this week. Corn July futures at $6.85, -30¼¢ for the week. December futures at $5.27¾, -20¼¢ for the week. Basis (N = July; e.g. 10N means 10¢ over July futures) (Fut

Wright Team
Apr 30, 20233 min read


Weekly Summary & Recommendations 4/26/23
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, April 25 , 2023: July corn settled on Tuesday at $6.07¾, -36¾¢ from last Tuesday. December corn settled on Tuesday at $5.48¼, -22¾¢ since last Tuesday. The past 7 days’ high was $5.71¼, the low was $5.41¾.

Wright Team
Apr 26, 20233 min read


Weekly Basis 4/23/23
The Dow Jones Industrial Average (DJIA) settled at 33,808.96, -77.51 points for the week. Crude oil settled at $77.95, -4.73. The Dollar Index settled at 101.72, 0.14. The Baltic Dry Index (a shipping freight-cost index) settled at 1,504, +69 for the week. Below is corn, soybeans and wheat basis outlook this week. Corn July futures at $6.15¼, -20½¢ for the week. December futures at $5.48, -12¢ for the week. Basis (K = May, N = July; e.g. 10N means 10¢ over July futures

Wright Team
Apr 23, 20234 min read


Weekly Basis 4/16/23
The Dow Jones Industrial Average (DJIA) settled at 33,886.47, +401.18 points for the week. Crude oil settled at $82.68, +2.22. The Dollar Index settled at 101.58, -0.51. The Baltic Dry Index (a shipping freight-cost index) settled at 1,435, -125 for the week. Below is corn, soybeans and wheat basis outlook this week. Corn May futures at $6.66¼, +22¾¢ for the week. December futures at $5.60, +3¼¢ for the week. Basis (K = May; e.g. 10K means 10¢ over May futures) (Future

Wright Team
Apr 16, 20233 min read


Weekly Basis 4/9/23
The Dow Jones Industrial Average (DJIA) settled at 33,485.29, +210.14 points for the week. Crude oil settled at $80.46, +4.76. The Dollar Index settled at 102.09, -0.50. The Baltic Dry Index (a shipping freight-cost index) settled at 1,560, +171 for the week. Below is corn, soybeans and wheat basis outlook this week. Corn May futures at $6.43½, -17¢ for the week. December futures at $5.56¾, -9¾¢ for the week. Basis (K = May; e.g. 10K means 10¢ over May futures) (Future

Wright Team
Apr 9, 20233 min read


Weekly Basis 4/2/23
The Dow Jones Industrial Average (DJIA) settled at 33,275.15, +1037.62 points for the week. Crude oil settled at $75.70, +6.50. The Dollar Index settled at 102.59, -0.52. The Baltic Dry Index (a shipping freight-cost index) settled at 1,389, -95 for the week. Below is corn, soybeans and wheat basis outlook this week. Corn May futures at $6.60½, +17½¢ for the week. December futures at $5.66½, +6¼¢ for the week. Basis (K = May; e.g. 10K means 10¢ over May futures) (Futur

Wright Team
Apr 2, 20233 min read


Weekly Summary & Recommendations 3/29/23
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, March 28 , 2023: May corn settled on Tuesday at $6.47, +17¼¢ from last Tuesday.

Wright Team
Mar 29, 20233 min read


Weekly Basis 3/26/23
The Dow Jones Industrial Average (DJIA) settled at 32,237.53, +375.55 points for the week. Crude oil settled at $69.20, +2.86. The Dollar Index settled at 103.11, -0.75. The Baltic Dry Index (a shipping freight-cost index) settled at 1,484, -51 for the week. Below is corn, soybeans and wheat basis outlook this week. Corn May futures at $6.43, +8¾¢ for the week. December futures at $5.60¼, -1¢ for the week. Basis (K = May; e.g. 10K means 10¢ over May futures) (Futures p

Wright Team
Mar 26, 20234 min read


Weekly Basis 3/19/23
The Dow Jones Industrial Average (DJIA) settled at 31,861.98, -47.66 points for the week. Crude oil settled at $66.34, -10.34. The Dollar Index settled at 103.86, -0.78. The Baltic Dry Index (a shipping freight-cost index) settled at 1,535, +111 for the week. Below is corn, soybeans and wheat basis outlook this week. Corn May futures at $6.34¼, +17¢ for the week. December futures at $5.61¼, +3½¢ for the week.

Wright Team
Mar 19, 20234 min read


Weekly Basis 3/5/23
The Dow Jones Industrial Average (DJIA) settled at 33,390.97, +574.05 points for the week. Crude oil settled at $79.85, +$3.40. The Dollar Index settled at 104.53, -0.73. The Baltic Dry Index (a shipping freight-cost index) settled at 1,211, +328 for the week. Below is corn, soybeans and wheat basis outlook this week. Corn May futures at $6.40¾, -8½¢ for the week. December futures at $5.71, -5¼¢ for the week.

Wright Team
Mar 5, 20233 min read


Weekly Basis 2/26/23
The Dow Jones Industrial Average (DJIA) settled at 32,816.92, down 1,009.77 points for the week. Crude oil settled at $76.45, +12¢. The...

Wright Team
Feb 26, 20234 min read


Weekly Basis 2/19/23
Commitments of Traders report for publication date February 3, 10 & 17, 2023, is delayed due to ransomware attack on ION Group, UK. A...

Wright Team
Feb 19, 20233 min read
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