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Weekly Basis 04/15/2022

The Dow Jones Industrial Average settled at 34,451.23, down 269.89 points for the week.


Crude oil settled at $106.54, up $8.74 for the week.


The dollar index settled at 100.50, up 0.65 for the week.



Below is corn, soybeans and wheat basis situation this week.


 

Corn


July corn settled at $7.83¾, up 23 cents for the week.


Dayton, Ohio Cargill is paying $7.81 for corn, 3 cents under the July, which is a 7 cent firmer basis than a week ago. Their fall delivery basis is steady at 30 under the December futures.


Poet at Iowa Falls is paying $7.94 for corn, 10 over the July futures, which is a steady basis with a week ago. Their fall 2022 delivery basis is steady at 30 under the December futures.

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