The Dow Jones Industrial Average settled at 34,058.75, down 20.43 points for the week.
Crude oil was at $92.08 late Friday, up 51 cents for the week.
The dollar index is at 96.55, up 0.48 for the week.
May (K) corn settled at $6.55¾, up 3 cents for the week.
Dayton, Ohio Cargill is paying $6.41 for corn, 15 under the May futures, which is an 11 cent weaker basis than a week ago. Their fall delivery basis is steady at 30 under the December futures.
Poet at Iowa Falls is paying $6.51 for corn, 5 under the May futures, which is a 3 cent weaker basis than a week ago. Their fall 2022 delivery basis is steady at 30 under the December futures.
The March to July corn carry went from -7¼ to -15½ this week. Super bullish!
The CFTC’s Commitment of Traders Report (COT) is issued every Friday afternoon. It reports open interest as of the close of business the previous Tuesday.