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Weekly Basis 1/1/23
The Dow Jones Industrial Average (DJIA) settled at 33,147.25, down 56.68 points for the week. Crude oil settled at $80.51, up $1.16 for the week. The Dollar Index settled at 103.49, down 0.84 for the week. The Baltic Dry Index (a shipping freight-cost index) settled at 1,515, steady for the week. Below is corn, soybeans and wheat basis outlook this week. Corn March futures at $6.78½ up $0.12¼ for the week. Basis (H = March; e.g. 10H means 10 over March) (Futures price +

Wright Team
Jan 1, 20233 min read


Weekly Basis 12/25/22
The Dow Jones Industrial Average (DJIA) settled at 33,203.93, up 283.47 points for the week. Crude oil settled at $79.35, up $4.85 for the week. The Dollar Index settled at 104.33, down 0.51 for the week. The Baltic Dry Index (a shipping freight-cost index) settled at 1,515, down 45 for the week. Below is corn, soybeans and wheat basis outlook this week. Corn March futures at $6.66¼ up $0.13¼ for the week. Basis (H = March; e.g. 10H means 10 over March) (Futures price +

Wright Team
Dec 25, 20223 min read


Weekly Basis 12/18/22
The Dow Jones Industrial Average (DJIA) settled at 32,920.46, down 556 points for the week. Crude oil settled at $74.50, up $2.91 for the week. The Dollar Index settled at 104.84, down 0.09 for the week. The Baltic Dry Index (a shipping freight-cost index) settled at 1,560, up 174 for the week. Below is corn, soybeans and wheat basis outlook this week. Corn March futures at $6.53 up $0.09 for the week. Basis (H = March; e.g. 10H means 10 over March) (Futures price + Basi

Wright Team
Dec 18, 20223 min read


Weekly Basis 12/11/22
The Dow Jones Industrial Average (DJIA) settled at 33,476.46, down 953.42 points for the week. Crude oil settled at $71.59, down $8.75 for the week. The Dollar Index settled at 104.93, up 0.42 for the week. The Baltic Dry Index (a shipping freight-cost index) settled at 1,386, up 62 for the week. Below is corn, soybeans and wheat basis outlook this week. Corn March futures at $6.44 down $0.02¼ for the week. Basis (H = March; e.g. 10H means 10 over March) (Futures price +

Wright Team
Dec 11, 20223 min read


Weekly Basis 12/4/22
The Dow Jones Industrial Average (DJIA) settled at 34,429.88, up 82.85 points for the week. Crude oil settled at $80.34, up $3.79 for the week. The Dollar Index settled at 104.51, down 1.55 for the week. The Baltic Dry Index (a shipping freight-cost index) settled at 1,324, steady for the week. Below is corn, soybeans and wheat basis outlook this week. Corn March futures at $6.46¼ down $0.25 for the week. Basis (H = March; e.g. 10H means 10 over March) (Futures price +

Wright Team
Dec 4, 20223 min read


Weekly Basis 11/27/22
The Dow Jones Industrial Average (DJIA) settled at 34,347.03, up 601.34 points for the week. Crude oil settled at $76.55, down $3.56 for the week. The Dollar Index settled at 106.06, down 0.91 for the week. The Baltic Dry Index (a shipping freight-cost index) settled at 1,324, up 135 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn December futures at $6.68, up ¼ of a cent for the week.

Wright Team
Nov 27, 20222 min read


Weekly Basis 11/20/22
The Dow Jones Industrial Average (DJIA) settled at 33,745.69, down 2.17 points for the week. Crude oil settled at $80.11, down $8.75 for the week. The Dollar Index settled at 106.67, up 0.55 for the week. The Baltic Dry Index (a shipping freight-cost index) settled at 1,189, down 166 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn December futures at $6.67¾, down $0.09¾ for the week.

Wright Team
Nov 20, 20223 min read


Weekly Basis 11/13/22
The Dow Jones Industrial Average (DJIA) settled at 33,747.86, up 1,344.64 points for the week. Crude oil settled at $88.86, down $3.74 for the week. The Dollar Index settled at 106.42, down 4.37 for the week. The Baltic Dry Index (a shipping freight-cost index) settled at 1,355, up 32 points for the week. Below is corn, soybeans and wheat basis outlook this week.

Wright Team
Nov 13, 20222 min read


Weekly Basis 11/6/22
The Dow Jones Industrial Average (DJIA) settled at 32,403.22, down 458.58 points for the week. Crude oil settled at $92.60, up $4.22 for the week. The Dollar Index settled at 110.79, up 0.12 for the week. The Baltic Dry Index (a shipping freight-cost index) settled at 1,323, down 211 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn December futures at $6.81, up ¼ of a cent for the week.

Wright Team
Nov 6, 20223 min read


Weekly Basis 10/30/22
The Dow Jones Industrial Average (DJIA) settled at 32,861.80, up 1,779.24 points for the week. Crude oil settled at $88.38, up $3.24 for the week. The Dollar Index settled at 110.67, down 1.21 for the week. The Baltic Dry Index (a shipping freight-cost index) settled at 1,534, down 285 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn December futures at $6.80¾, down $0.03½ for the week. Basis

Wright Team
Oct 30, 20223 min read


Weekly Basis 10/23/22
The Dow Jones Industrial Average (DJIA) settled at 31,082.56, up 1,447.73 points for the week. Crude oil settled at $85.14, down $0.41 for the week. The Dollar Index settled at 111.88, down 1.42 for the week. The Baltic Dry Index (a shipping freight-cost index) settled at 1,819, down 19 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn December futures at $6.84¼, down $0.05½ for the week. Basis

Wright Team
Oct 23, 20223 min read


Weekly Basis 10/16/22
The Dow Jones Industrial Average (DJIA) settled at 29,634.83, up 338.04 points for the week. Crude oil settled at $85.55, down $7.65 for the week. The Dollar Index settled at 113.30, up 0.55 for the week. The Baltic Dry Index (a shipping freight-cost index) settled at 1,838, down 123 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn December futures at $6.89¾, up $0.06½ for the week. Basis

Wright Team
Oct 16, 20223 min read


Weekly Basis 10/9/22
The Dow Jones Industrial Average (DJIA) settled at 29,296.79, up 571.28 points for the week. Crude oil settled at $93.20, up $13.46 for the week. The Dollar Index settled at 112.75, up 0.58 for the week. The Baltic Dry Index (a shipping freight-cost index) settled at 1,961, up 201 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn December futures at $6.83¼, up $0.05¾ for the week. Basis

Wright Team
Oct 9, 20223 min read


Weekly Basis 10/2/22
The Dow Jones Industrial Average (DJIA) settled at 28,725.51, down 864.90 points for the week. Crude oil settled at $79.74, up $0.31 for the week. The Dollar Index settled at 112.17, down 0.85 for the week. The Baltic Dry Index (a shipping freight-cost index) settled at 1,760, down 56 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn December futures at $6.77½, up ¾ of a cent for the week.

Wright Team
Oct 2, 20223 min read


Weekly Basis 9/25/22
The Dow Jones Industrial Average settled at 29,590.41, down 1,232.01 points for the week. Crude oil settled at $79.43, down $5.97 for the week. The Dollar Index settled at 113.02, up 3.38 for the week. The Baltic Dry Index (a shipping freight-cost index) settled at 1,816, up 263 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn Futures December futures at $6.76¾, down half a cent for the week. Basis (Z = December; e.g. 50Z means 50 over Dece

Wright Team
Sep 25, 20223 min read


Weekly Basis 9/18/22
The Dow Jones Industrial Average settled at 30,822.42, down 1,329.29 points for the week. Crude oil settled at $85.40, down $0.70 for the week. The dollar index settled at 109.64, up 0.67 for the week. The Baltic Dry Bulk Index settled at 1,553, up 340 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn Futures December futures at $6.77¼, down $0.07¾ for the week. Basis

Wright Team
Sep 18, 20223 min read


Weekly Basis 9/11/22
The Dow Jones Industrial Average settled at 32,151.71, up 833.27 points for the week. Crude oil settled at $86.10, down $1.15 for the week. The dollar index settled at 108.97, down 0.64 for the week. The Baltic Dry Bulk Index settled at 1,213, up 127 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn Futures December futures at $6.85, up $0.19¼ for the week. Basis

Wright Team
Sep 11, 20223 min read


Weekly Basis 9/4/22
The Dow Jones Industrial Average settled at 31,318.44, down 964.96 points for the week. Crude oil settled at $87.25, down $5.72 for the week. The dollar index settled at 109.61, up 0.77 for the week. The Baltic Dry Bulk Index settled at 1,086, up 4 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn Futures December futures at $6.65¾, up $0.01½ for the week. Basis (Z = December; e.g. 50Z means 50 over December) (Futures price + Basis = Cash pr

Wright Team
Sep 5, 20224 min read


Weekly Basis 8/28/22
The Dow Jones Industrial Average settled at 32,283.40, down 1,423.34 points for the week. Crude oil settled at $92.97, up $3.06 for the week. The dollar index settled at 108.84, up 0.74 for the week. The Baltic Dry Bulk Index settled at 1,082, down 197 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn Futures September futures at $6.68¾, up $0.42¾ for the week. December futures at $6.64¼, up $0.41 for the week. Basis

Wright Team
Aug 28, 20223 min read


Weekly Basis 8/21/22
The Dow Jones Industrial Average settled at 33,706.74, down 54.31 points for the week. Crude oil settled at $89.91, down $1.97 for the week. The dollar index settled at 108.10, up 2.43 for the week. The Baltic Dry Bulk Index settled at 1,279, down 198 points for the week. Below is corn, soybeans and wheat basis outlook this week. Corn Futures September futures at $6.26, down $0.13¾ for the week. December futures at $6.23¼, down $0.19 for the week. Basis

Wright Team
Aug 21, 20223 min read
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